PFTS intends to create a special platform for IPO’s, allowing for both initial share issues as well as buying back shares.
The current system allows only secondary sales of shares through a brokerage company. The new IPO platform will be in place within three months. The companies from the engineering, agriculture, development and construction sectors in particular are interested in local IPO’s.
Additionally PFTS will invest in improving the trading system, which suffered technical glitches this month due to a surge in activity following global market volatility. According to PFTS the trading system will have improved capacities by mid-February. Over the next 18 months the PFTS is planning to develop a completely new trading system for all trading platforms and give remote access to private investors.
The technical problems experienced lately have raised concerns about the system’s capacity in extraordinary situations and the PFTS had to react fast. Taking into consideration the increasing number of IPO’s of Ukrainian companies in London, Frankfurt and Warsaw, the PFTS also takes these measures to attract and retain liquidity. Better liquidity, tougher listings criteria, better investor reach and better corporate governance criteria are reasons frequently quoted by Ukrainian companies seeking cross border listings.