Azerbaijan, Baku, Dec. 19 / Trend I.Khalilova /
The Azerbaijani State Committee for Securities has formed a short list of about 10-15 companies which are almost ready for an initial public offering of their shares, chairman of the committee Rufat Aslanli told Trend on Wednesday.
"We do not believe that all these companies have to enter the market simultaneously and are focused on a small number of up to three. On entering the market for an initial public offering, we mainly focus on non-financial institutions," Aslanli said.
He said two years ago there was a report on the availability of a special consultative programme to support companies that are potentially ready for an initial public offering. However, back then there was no institutional training.
"This is a very long process and usually takes two to three years. The State Committee for Securities as a public body and operating as a regulator, did not provide such services. In this sense, Pasha Bank as a partner proved to be a very effective player," Aslanli said.
