12:29 - 17.04.2025

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April 17, Fineko/abc.az. Capital market culture has not yet been formed in Azerbaijan, and educational work in this direction should continue, ABC.AZ reports, quoting Ruslan Khalilov, chairman of board of Baku Stock Exchange (BSE).

He added that although some large companies are showing interest in the capital market, some of them are not yet fully ready for an initial public offering (IPO) or listing. It is wrong to consider this issue only at the initial stage with the "sold shares, gained fame" approach: "Entering the capital market does not end simply with an IPO. It also includes long-term commitments, including constant and transparent communication with minority shareholders, answers to their questions, and the creation of electronic voting mechanisms. This requires both technical and institutional training from companies."

He added that for some companies, the priority is to issue bonds and raise debt capital: "However, even in this case, it is necessary to have the right ratio of debt and equity in their asset structure. Currently, although there are certain thoughts about this, not everyone is at the same level of readiness."