Ukrainian stock market has its first IPO

The first for many years with the placement of 500,000 common shares of the Football Club Veres at the PFTS stock exchange in Kyiv. The announcement was made by Taras Teryuchnyi on Linkedin. The shares were bought by 363 buyers, and the total nominal amount of the shares was UAH 50 million (about USD 1.9 million). This is the very first IPO on the Ukrainian stock market organized under the revised Ukrainian stock market law.

A international standard stock market and commodity exchange – NEXT-UA — is the goal

of a Memorandum of Understanding signed Monday by the Cabinet of Ministers with EBRD, USAID, and AmCham Ukraine. “NEXT-UA will facilitate the integration of Ukraine’s markets into the international ecosystem, improve price discovery for commodities and provide hedging mechanisms for businesses in the form of transparent markets for capital, energy, agriculture and other sectors,” reads a release by the American Chamber.

Developing Ukraine’s stock market infrastructure will be the goal of an agreement to be signed this week by Ukrainian authorities with EBRD, USAID and the American Chamber of Commerce.

 “We are working on the development of the stock market infrastructure,” Prime Minister Shmygal said last week at the UkraineInvest Talks Dnipro International Investment Forum. “There is quite a lot of money provided for the clearing system for stock market development in Ukraine.”