in large companies with experience working with. Documentation laos telegram data and reporting, even if it is not publicly disclos, entering the market. They have a proposal for free-float benefits (share of shares in free circulation) for such companies, since the market will not digest too large volumes. Has the Central Bank studi this proposal?
There are problems Free float is important
for quality pricing, for market depth. We still want to return from the preferential 1 to 5% for second-tier listing companies. It seems to us that the relaxation that was given in 2023 has work itself out, and we can return to the previous values.
We have also start discussing tax and budget incentives with the government. We assume that the free float should be at least 15% of the volume [of shares]. This is only our proposal for now, but I am sure that we will hardly go below the current 10% for the first level of listing.
Assume that a large company will actually
enter the market, and the maximum size of one IPO on today’s market, as what is a cadence flow? we said, is 30 billion rubles, then in this part, perhaps, it makes sense to think about moving from free-float percentages to absolute ao lists values in a number of cases for large or very large companies. But this nes to be discuss further.