YEREVAN, January 13. / ARKA /. In an interview with ARKA, Nasdaq OMX Armenia stock exchange executive director Armen Melikian said a string of measures may be implemented this year to get prepared for IPO (initial public offering) in subsequent years.
“IPO – a very long process. Today there are companies willing to enter this market, but if someone starts now, the preparation will take, at best, eight months, ” he said.
According Melikyan, people understand that the capital market has waken up, and many foreign investors having solved their problems abroad are willing to invest in other countries.
“But this process is very long, so we better talk about the IPO in early 2012,” he said.
Artsakh hydropower plant open joints stock company accomplished in late May 2009 the first IPO in Armenia, by placing 862,074 ordinary registered shares, each costing 1,050 drams. The second IPO was held in two phases. From November 2 to December 1, 2010 some 103,146 shares totaling 114.5 million drams were placed among 50 shareholders with pre-emptive right to buy shares and also 1.3 million shares worth 1.4 billion Drams were offered for free subscription. ($1 364.07 Drams). -0-
