Russian issuers are considering a public flotation not as a way to raise money, but as a method of getting market valuation of businesses and advancing them to a new level.
Russian participants of the stock market in Kazakhstan are interested in resources, kapital.kz reports citing the Eurasian Development Bank. Kazakh financial institutions are interested in the Russian market, primarily, as a mechanism to attract financial resources. Russian businesses, in turn, consider Kazakhstan’s market as a ‘bridge’ that allows access to the extraction and exploitation of natural resources of Kazakhstan. While a significant part of polled Kazakh organizations are interested in floating their securities on the Russian market, Russian companies are not willing to do so for the time being.
Article sourced from Kazakh.TV