Azerbaijan, Baku, April 10 / Trend A.Akhundov /
The State Securities Committee (SSC) of Azerbaijan expects the launch of the first initial public offering (IPO) in the country by the end of this year, the Committee chairman Rufat Aslanli announced it to journalists on Wednesday.
"We are working with some companies to launch IPO within the scope of listing's advisory program. We are optimistic, and we will try to place the securities of at least one company on IPO until the year end. Our research shows that demand for the IPO is several times greater than the supply at market," Aslanli added.
The State Committee will continue to introduce new tools into the securities market, he noted.
"The main purpose of the infrastructure, which we are creating in the market, is to expand the list of tools. We expect the emergence of new tools in the market. The market has not yet been ready for widespread use of common derivatives, the risks of which cannot be measured," Aslanli said.
Speaking about the market, he noted that he meant not the infrastructure but institutions and investors, which take the risks upon themselves.
"Today we are mainly focused on the private sector, and on accessing cheap and stable financial tools. But shares and debt instruments of various forms are the classic tools. I believe that we will observe the expansion of both secured and unsecured debt instruments this year," Aslanli said.