Moscow Exchange and RVC OJSC to create Russian Innovation IPO Club

The first orientation meeting Russian Innovation IPO Club, created with the support of the Innovations Market and Investments from Moscow Exchange and RVC OJSC took place in July 4, 2012.

As the innovation sector of Russian economy begins to take shape, innovative sector of Russian public stock market forms in Innovations Market and Moscow Exchange Investments. But currently there are no formal or informal public associations, which would show it. The creation of Russian Innovation IPO Club aims to promote Russian technology companies that conducted IPO, to discuss common issues and share experiences in an informal setting.

The first installation meeting was attended by Anatoly Chubais (RUSNANO), Alexander Afanasyev (MICEX, RTS), Igor Agamirzyan (RVC), Ivan Rodionov (HSE), Alexander Egorov (Reksoft), Alexey Kalinin (Baring Vostok Capital Partners), Sergey Nedoroslev (Kaskol). In addition, meeting participants were managers and owners of innovative companies that are already on the public market, primarily on MII, and those who are ready to enter the market, as well as experts from investment and innovation community.

Speaking at the meeting of the Russian Innovation IPO Club, the Chairman of Moscow Exchange Alexander Afanasyev said: Innovation and Investment market is the ability to buy the future. This is a competitive market for ideas and possible breakthroughs, new demand. We set ourselves a task not only to attract investment in innovative Russian companies, but also, in conjunction with partners, to support innovative sector of the economy by creating new platforms for communication of investors and business owners, Russian Innovation IPO Club is intended to be such platform.

The meeting discussed the concept of the Club, its goals and objectives, Club membership and the rules of work. One of the key objectives of the Club is sharing experiences in investment attraction, from international markets too, and promotion of best practices and corporate governance standards in innovative companies operation. These and other problems must be solved through the dialogue of all stakeholders.

Meeting participants also had a discussion about IPO of high-tech companies, which gave the answers to questions about what conditions are necessary for successful high-tech companies’ IPO, whether RII could become Russian NASDAQ and what can be done for it, whether Russian NASDAQ could help to create an innovative economy, and many others.

According to Igor Agamirzian, the CEO and Chairman of the Board of RVC OJSC: We hope that the formation of technology companies Community will promote the development of all participants of the innovation chain - from early-stage companies to those entering the IPO, which is extremely important in the transition of Russian economy to the innovative way of development. I think that IPOClub can also solve the problems of Russian stock market promotion, and will provide necessary assistance to high-tech companies in the process of entering the public market.

The next meeting of the Club is planned for autumn 2012.