Sergei Moiseyev, the chairman of Chelpipe, said in his statement to the FT that they were in the middle of a market which felt jittery about Russia. As reported recently there were several inflows into the equities of Russia. The inflows were there in spite of the fact that the investors were taking out huge money about billions of dollars from the investments of the emerging market. It is because of this there raise a question about the concerns of the investor not lying with Russia as much as it is lying with the issuers. Roland Nash who is a strategist said that there was some disbelief about the new companies which were coming in the market. It was mostly because the fact that so far the companies of Russia have failed to perform too well which means their performance have been below par till now. So it can be said that the present initial public offerings are paying for mistakes done by their predecessors. The other companies justify their pulling by saying that the market conditions are worrying but it is just an excuse.
Friday, February 11, 2011
IPOs of Russia being pulled
Sergei Moiseyev, the chairman of Chelpipe, said in his statement to the FT that they were in the middle of a market which felt jittery about Russia. As reported recently there were several inflows into the equities of Russia. The inflows were there in spite of the fact that the investors were taking out huge money about billions of dollars from the investments of the emerging market. It is because of this there raise a question about the concerns of the investor not lying with Russia as much as it is lying with the issuers. Roland Nash who is a strategist said that there was some disbelief about the new companies which were coming in the market. It was mostly because the fact that so far the companies of Russia have failed to perform too well which means their performance have been below par till now. So it can be said that the present initial public offerings are paying for mistakes done by their predecessors. The other companies justify their pulling by saying that the market conditions are worrying but it is just an excuse.
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