OREANDA-NEWS. November 3, 2010. Directors of RTS Stock Exchange made a decision on preparing an IPO in 2011 within the framework of an approved strategy.

The main goal of RTS’s IPO is to obtain funds for:

raising capitalization, as well as increasing the amount of guarantee funds for depository and settlement, as well as clearing infrastructure of RTS Group in connection with planned amendments of the legislation and upturn of trading volumes;

expansion of business in Russia and the CIS, as well as further development of RTS’s project in the Ukraine and the Republic of Kazakhstan;

launching new projects and products on the exchange.

In addition, Ivan Taryshkin, member of the Board of Directors, noted that as a result of launching an IPO, RTS will be evaluated in terms of market value and the company’s shares will be floated on the exchange market.

‘The shareholders decision on RTS’s preparation for this IPO is significant and consistent. It demonstrates the shareholders drive for encouraging conditions for more qualitative and rapid development of RTS Group through obtaining additional investments. The majority of  global exchanges have conducted or are conducting IPOs, as well as free-floating securities, and this is one of the factors that emphasizes the maturity and high level of the stock market development’, said Roman Goryunov, CEO at RTS.