Belarusian businesses aim for IPODeloitte continues its practice of preparing businesses to attract international capital. |
On 27-28 September Deloitte, together with the London Stock Exchange (LSE), held an IPO workshop in London for the representatives of large Belarusian businesses. The workshop was attended by representatives of companies such as Belarus Automobile Plant (BelAZ, Zhodino, Minsk region), Belaruskali (Soligorsk, Minsk region), Gomselmash and Promagroleasing, as well as representatives from the Belarusian Ministries of Economy and Industry.
Among the speakers present at the event were representatives of the LSE and several major international financial institutions, including BNP Paribas, Société Generale, Clifford Chance and the Bank of New York Mellon. Lawyers, consultants, investors and professionals in other fields presented participants with a detailed overview of the IPO process, highlighting the main listing requirements for public companies, and discussing the process of developing funding and business development strategies. The participants also received first-hand information about various aspects of the Eurobond and equity markets, the current situation on the capital markets and the role of listing reputation.
“The main objective of the workshop was to assist participants in understanding the journey that the company will have to make when preparing for the public placement of equity or debt securities, which may last for several years and involves a substantial restructuring of corporate governance and reporting. We believe that we have succeeded in achieving our goals, helping our guests to get a complete idea of the IPO preparation process and highlighting potential problems," declared Andrei Surmach, the General Director of Deloitte Belarus.
The feedback received from entrepreneurs present at the event proved that the speakers succeeded in communicating the necessary information to the participants. “You have managed to cover a relatively large amount of valuable information on the IPO process in a short period and simple form. We got a good impression from our meeting with the Deloitte team. The team’s frankness, professionalism, self-discipline, presentation skills and amicability give rise to a deep sense of gratitude,” said Natalia Kopaneva, the First Deputy Director General of Promagroleasing (Belarus), after the event.
One of the main objectives of the workshop was to arrange for Belarusian entrepreneurs to meet with representatives of international financial institutions. “We have introduced representatives of large and successful Belarusian companies to those of Western investment banks, investors and the London Stock Exchange. We have managed to establish business relations with global organisations whose participation is crucial for a successful IPO,” Mr. Surmach said, adding that Belarusian business has sparked great interest, and that appropriate preparation for entering the international stock exchange market may be of value to international investors.
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