OREANDA-NEWS. April 19, 2012. Full-fledged IPOBoard, the online information and trading system for raising money by non-public companies of innovation sector of the Russian economy, was publicly presented and launched in MICEX-RTS.  Before 16 April the IPOBoard system operated at limited capacity on the basis of different technological platform, reported the press-centre of MICEX-RTS. 

There are three access levels for companies wishing to float on IPOBoard:

initial: for start-ups looking for financing from business angels and seed funds;

basic: for  growth stage company looking for venture financing;

pre-IPO: for mid-cap companies planning an IPO soon.

IPOboard is the online system with comprehensive facilities that allow carrying out online presentations of companies for investors.    
 
Using of selection criteria for companies and experts assessment (performed on the basis of partnership with the agencies for development, i.e. Skolkovo fund, RVC, Rosnano, and by employing accredited mediators) allow generating a pool of companies with attractive investment prospects.

Trading in the IPOBoard system is carried out in both negotiated trades mode (for companies of basic level) and auction mode (for companies of pre-IPO level).  MICEX-RTS Group's infrastructure is going to be used for ensuring settlement of trades executed in IPOBoard. 

At the moment 18 companies are admitted to IPOBoard and 450 investors and users including all largest Russian venture funds are registered in the system.  Expected number of companies and investors by the end of 2011 is 50 and 1,000 respectively.  Within the next three years about 300 innovation enterprises of Russia and the CIS are intended to be admitted to IPOBoard. 

Commenting the launch of the project, Ruben Aganbegyan, President of MICEX-RTS, said: "IPOBoard is an important instrument for preparing innovation companies to go public and shaping corporate governance culture that is a prerequisite for successful results of the IIM project implementation".

MICEX-RTS Innovation and Investment Market (IIM) is a sector for high technology companies, created by OJSC MICEX-RTS together with ROSNANO. At the moment securities of 24 issuers including 7 venture funds with a total capitalization of RUB42.3 billion are traded in the sector. 

The Innovation and Investment Market consists of three major segments for companies at different maturity and capitalization levels, as well as for different investor groups:

Innovation and Investment Market (IIM): A sector where innovative companies may issue IPOs/SPOs or launch secondary circulation of securities under any MICEX trading rules.

IIM-2 sector: Sets rules for private placements using stock market technology and listings. Secondary circulation is aimed at qualified investors and based on the trading technology intended for trading of large blocks of shares (under the Rules for Negotiated Transactions).

IIM-Board: A web information sector aimed at creating mechanisms of attracting investments by young innovative companies at their early stages of development.

For further information, please contact the Public Relations Department at (495) 363-3232.