Published on: 2026-09-25
Source: Moscow Exchange –
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Representatives of the Moscow Exchange participated on September 25 in a forum about opportunities for Siberian companies in the Russian stock market “Siberia Conquers: Investment in the Region’s Business on Capital Markets”. The business program discussed key issues—from the debt market to IPOs and working with investors.
Natalia Loginova, Director of the Department for Work with Issuers at the Moscow Exchange, During the session “IPO: preparation, deal and long haul,” she spoke about the importance of corporate maturity for any company regardless of its status (private or public). A corporately mature business is one step away from an IPO, while other companies may require years to prepare for it. Among the markers of a business’s “corporate health,” she highlighted the corporate governance system, the availability of IFRS reporting, and a reliable auditor. “The Moscow Exchange expects issuers, first and foremost, to meet investors’ demands,” emphasized Natalia Loginova.
Dmitry Taskin, Director of Primary Bond Market Development at the Moscow Exchange, He spoke at the session “Debt Instruments for Medium-Sized Businesses.” He explained how the issuer’s journey to entering the Moscow Exchange with debt securities is structured, the advantages that commercial and exchange-traded bonds offer to small and medium-sized businesses, and how bond placements can assist in preparing for a subsequent IPO: “Issuing bonds provides companies with additional value, allowing them to obtain unsecured financing, diversify borrowing sources, build a public history, and receive market evaluation of the issuer’s credit quality.” Within the Moscow Exchange Growth Sector, SME issuers have access to government support instruments in the form of subsidies covering part of the costs incurred in bond issuance. Dmitry Taskin also described the profile of a potential exchange bond issuer: the company must have operated for at least 3 years, have a profitable business, stable market positions, and a credit rating. Annual revenue must be at least 120 million rubles, and the minimum bond issuance volume is 50 million rubles.
Philipp Babenko, Director of Private Equity Fund Management at the Moscow Exchange, He spoke at the closing session of the day — “Where is the money? Dialogue with representatives of institutional investors, asset management companies, and infrastructure” — and talked about the Moscow Exchange’s tools for companies at the non-public development stage, including the importance of developing the Russian private equity fund industry. “Global experience shows that private capital can act as a factory for producing businesses. Attracting an institutional investor can help a growing business improve its strategic positioning within its industry, optimize its business model, find new growth points, and lay the foundation for a future public story,” he noted.
Moscow Exchange — the largest Russian exchange, the only multifunctional platform in Russia for trading stocks, bonds, derivatives, currency, money market instruments, and commodities. The Moscow Exchange Group includes a central depository as well as a clearing center that acts as a central counterparty in the markets, which allows the Moscow Exchange to provide clients with a full cycle of trading and post-trading services.
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