Azerbaijani State Securities Committee to be ready to hold first IPO by year end

Business Materials 6 September 2013 16:02 (UTC +04:00)

Azerbaijan, Baku, September 6 /Trend, A.Akhundov/

The Azerbaijani State Securities Committee will be institutionally ready to hold the first IPO in the country be the end of the year, the head of the State Securities Committee Rufat Aslanli told journalists.

However, he found it difficult to specify the actual date of starting this process.

"There are several companies which are practically ready to start IPO. However, there are several nuances due whereby this process is postponed. Our task was to complete preparations to this process by the end of the year. We will complete the purely institutional preparations," Aslanli said.

The head of the State Securities Committee said earlier that the committee observes optimism among the participants and will try to put at least one company's securities to IPO.

"Our investigations show that the demand for IPO in the market exceeds supply seven fold," he noted.