Companies belonging to food industry holdings can put their shares up for IPO

12:28 - 17.04.2025

April 17, Fineko/abc.az. Some companies representing the real sector of the Azerbaijani economy and members of food industry holdings may put their shares up for an initial public offering (IPO), ABC.AZ reports, quoting Ruslan Khalilov, chairman of board of Baku Stock Exchange CJSC.

He added that these companies are quite stable, prepare financial statements in accordance with financial standards (IFRS), have corporate governance, and may go public:

"Currently, the main expectations in the IPO issue relate to the financial and partly telecommunications sector. We believe that banks and insurance companies are more ready to launch an IPO, and the telecommunications sector is close to participating in this process. Any company or group of companies that meets the capital and profit requirements under IFRS has the opportunity to launch an IPO. We currently have these listing requirements in place."