Megafon has collected suitcases on the stock exchange
MegaFon, one of the largest mobile operators in Russia, is getting ready for an IPO on November 1. The company plans to settle on the London LSE and MICEX-RTS. During the IPO, the operator can sell approximately 15% of the shares. The majority of the shares will be placed by the Swedish-Finnish shareholder of TeliaSonera, the rest will be the treasury shares of the operator directly.
Two of the three largest Russian telecommunications companies have already placed their shares on the stock exchange. VimpelCom entered the New York Stock Exchange (NYSE) in 1996, and MTS in 2000. Today, companies have a capitalization of $ 18.7 billion and $ 16.7 billion, respectively. Three leading players control 80% of the mobile services market.
“The placement of Megafon already seriously affects MTS quotes, drawing institutional funds from the last funds. However, after the placement, we can expect a rebound in MTS securities. As for Megafon, most likely, the company’s valuation at the placement will include a premium, but long-term its papers may become the most interesting in Russian telecom, “said Ilya Rachenkov, an analyst at Investcafe. Continue reading
The world is changing rapidly. The political and economic situation of states is changing. Countries previously profitable for investment are now experiencing stagnation. And money loves silence and understandable game conditions. Therefore, recently, global investors have shown increased interest in emerging markets. Are these countries ready for an influx of investors?
Previously, investments in BRIC countries seemed very risky, but in times of crisis, global investors consider them increasingly profitable. KPMG recently published a study that compares the costs of doing business in developed and developing countries. A study on business opportunities was conducted in 14 countries and more than 110 cities. The KPMG study provides an analysis of business conditions in different countries in the following sectors of the economy: industry, R&D, digital technology, etc.
The study examined a number of factors that influence the assessment of the attractiveness of different places for doing business. The main focus was on the costs of doing business, but factors such as the demographic situation and the population, skilled labor and education, innovation, infrastructure, the legal framework, economic conditions, cost and quality of life were also evaluated. Continue reading