OREANDA-NEWS. On May 27, 2008 the business meeting “IPO: promising approach in capital rising” took place in hotel “Minsk”. Organizers of the meeting are Priorbank, JSC and Brokerage House IDMSA (Republic of Poland), reported the press-centre of Priorbank.
 
Top managers and owners of the largest enterprises of the Republic of Belarus, representatives of the government bodies, Raiffeisen Centrobank AG (Austria), Warsaw Stock Exchange and the company “Professor Marek Vezhbovsky and legal advisors” participated at this event. 
 
Opportunities of additional capital raising for the Belarusian enterprises through IPO and other financial tools of international equity markets in Central and Eastern Europe were highlighted at the meeting.
 
Possibilities of non-debt financing for the Belarusian companies were outlined by Erich Obersteiner, Head of Equity Capital Markets CEE, Raiffeisen Centrobank AG. 
 
The company “Professor Marek Vezhbovsky and legal advisors” (Republic of Poland) and Brokerage House IDMSA (Republic of Poland) tjld the meeting’s participants about the legal and taxation aspects of the IPO process, with regards to adjustments for Belarusian legislation. 
 
An agreement on granting Priorbank a title of WSE IPO-Partner was signed at the meeting by Ludwik Sobolewsky, Chairman of the Board of Warsaw Stock Exchange and by Sergey Kostyuchenko, CEO of Priorbank, JSC. Within the framework of the agreement Priorbank as an IPO-Partner obtained advantages in activities aimed at attracting investors. 
 
“Priorbank actively uses the experience of Raiffeisen Group in the sphere of investments attraction, and has multiple contacts with the potential investors. Thanks to the fact that Priorbank will have the title of a WSE IPO-Partner, Belarusian companies will receive better opportunities for investments attraction at the European equity market” – Sergey Kostyuchenko, CEO of Priorbank commented in reference to the up-coming title granting.