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Thursday, October 11, 2007

Dragon Capital About Ukrainian IPO Trends

Dragon Capital, Ukraine's top investment bank, expects initial public offerings from the country to more than double to $1.5 billion in 2007 and to reach $3 billion next year.

The Kiev-based investment bank, which accounts for about one-third of Ukraine's equity capital markets transactions, has completed seven IPOs this year, raising $500 million in total.

Last year, Ukrainian issuers raised a combined $482 million via initial public offerings.

"The pipeline is so full that we need more people to examine the deals," Brian Best, an investment banking director at Dragon Capital told Reuters after attending the Ukraine Capital Markets Forum in London.

"Investor appetite is still strong for Ukraine deals. The credit crisis doesn't have a huge impact, as investors look for high yields and fast growth," said Best.

Source: Reuters UK