27 April 2004 14:02
BDO UNICON CONSULTS ISSUERS ON IPO
MOSCOW. April 27 (Interfax) - BDO Unicon has started to provide a new service, namely advising issuers on initial
public offerings (IPO) on Russian and foreign exchanges.
Several Russian companies targeting IPOs in Russia and the West
have approached BDO Unicon. "We are looking at large and medium
"We have received inquiries about consulting issuers prior to and during an IPO, and because this market is only
just opening up to us we need to be prepared," Andrei Dubinsky, BDO Unicon's general director, told
Interfax.
The prospects for the IPO market in Russia are very good, he said.
"This is still a new area for us, but the forecasts for this market's
companies by Russian standards, but probably medium and small companies by Western standards with average revenues of
$50 million-$100 million," Dubinsky said.
growth are huge, although IPOs are only one was of raising capital for a company," Dubinsky said.
BDO Unicon is a full member of the BDO International auditing firm and has the exclusive right to provide services
under the BDO trademark.
[Interfax] |
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