Initial public offering

Volume of initial public offering (IPO) in the world since January till November 2006 has made 227 billion dollars against about 167 billion dollars for all 2005. It means increase at 35 %. For the mentioned period in 2006 it has been accomplished 1 thousand 559 transactions. As well as in 2005, a major factor of growth became large transactions, thus in 2006 the most large-scale distribution took place within the limits of IPO. It is referred to listing of ICBC in China during which it was possible to involve almost 22 billion dollars. On the second and third places - IPO Bank of China Ltd. and Public limited company "Rosneft", during each of which it has been involved about 10 billion dollars. Thus, in such way a last year's record of the largest IPO bank China Construction Bank has been broken. Among the transactions heading the list of largest IPO, 4 of 10 and 6 of 20 took place on developing markets. During each of these 20 transactions have been involved more than 1.3 billion dollars.

Ernst and Young Global’s Vice-president Greg Eriksen has commented on conclusions of the company: "In 2006 globalization of the capital markets has proceeded. We observed growth of quantity of the international distributions and toughening of a competition between stock exchanges that creates unprecedented before opportunities both for investors, and for the companies, intending to enter the open market".

In opinion of the expert, developing markets will keep leadership in 2007, too. On the first place on volume of the capital involved as a result IPO all over the world was the Hong Kong stock exchange (HKSE) - has borrowed 17% from total amount of the capital. The second place occupied at the London stock exchange (LSE) - 15%. London has declared itself as about the center of the international transactions and on the basic platform, and in the market of alternative investments (AIM). On the third place was New-York stock exchange (NYSE) - 11 % from total amount of the involved capital.

The fact that two largest transactions are connected with the Chinese banks, means, that the Asian-Pacific region has taken the second place, having typed 34% of total amount of the involved capital. Europe, Near East and Africa (EMEA) - 42% and Northern America and the Central/southern America (including islands of Caribbean basin) - 20 % and 4 % from total amount of the capital accordingly.

In 2006 the maximum quantity of transactions was observed in sectors of technologies, materials, financial services, and also consumer goods and services. On volume of the involved capital among 20 leading transactions IPO were in the lead spheres of thermal power station and financial services.