BAKU, Azerbaijan, August 26. Initial public
offerings (IPOs) are expected to gain further momentum in
Azerbaijan in the coming years, Chairman of the Executive Board and
CEO of the Baku Stock Exchange (BSE), Ruslan Khalilov, told
Trend.
He shared his expectations and assessments regarding the
prospects for IPOs in Azerbaijan.
Noting that the telecommunications sector could be a potential
candidate for IPOs, R. Khalilov stated:
“In the telecommunications sector, financial reporting and
corporate governance indicators are at a level comparable to those
of the banking and financial sectors. Therefore, telecommunications
companies may already be fully prepared for an IPO, or it may take
only a very short time to complete their preparations.”
The CEO of the BSE also spoke about current market activity:
“To be frank, it is impossible to say in advance exactly which
companies will go public. However, there are companies that are
already expressing certain intentions, showing serious interest
during negotiations, receiving the necessary information from us,
and conducting preparatory work in collaboration with brokerage
firms. In fact, not a single company has yet begun the process of
drafting a prospectus. Despite this, I view the overall situation
positively and hope that in the coming years we will witness a
further acceleration of IPO activity in our country.”
