In two years, Ukraine is expected to have five IPOs or SPOs, according to the head of the National Securities and Stock Market Commission.

The National Securities and Stock Market Commission of Ukraine (NSSMC) is focused on enhancing the variety of attractive instruments available in the market. In addition to domestic government bonds (OVDP), the aim is to facilitate at least five primary or secondary placements (IPO or SPO) within the next two years.

This was reported in an interview with the agency "Interfax-Ukraine" by the head of the NSSMC, Ruslan Magomedov.

According to the commission's chairman, a potential candidate for this could be the state-owned "Ukrposhta." Magomedov mentioned that discussions with the CEO Ihor Smilyansky are ongoing.

"I believe that this SPO has significant potential because there is definitely an appetite for investment among people. We also have a third tier of pension provision, and funds need to invest somewhere beyond OVDP and bank deposits. 'Ukrposhta' is a well-understood service, and Ihor's idea is not just to compete with 'Nova Poshta' but to create a Ukrainian Amazon: there will be a payment component, delivery service, upgraded IT, meaning there will be a clear business model to invest in," Magomedov noted.

In his opinion, state banks and possibly even "Ukrzaliznytsia" could also be considered for IPO or SPO.

"No one is saying that the state has to give everything away; no, it's about a minority stake. This actually adds a so-called reliability factor, as the state is in control and will not abandon it. I am confident that if Smilyansky proceeds with his SPO, it will be bought; there simply won’t be any alternatives. Then someone else from the corporate sector will come along and want to issue as well. That's how it works," explained the head of the NSSMC.

Magomedov added that the regulator will simultaneously improve oversight to protect investors.

Background. Earlier, Mind reported that the head of the National Securities and Stock Market Commission (NSSMC), Ruslan Magomedov, stated that the taxation system for the virtual assets market should promote development rather than restrict the industry.