STRATEGIC PARTICIPATION OF INTERNATIONAL FINANCIAL ORGANIZATIONS IN PRIVATIZATION OF SOES

  • Kornieieva Yuliia
Keywords: international financial organizations, IPO, privatization, listing, financial guarantees, stock exchange

Abstract

In the article the mechanism of initial public offering of securities on the stock exchange (Initial Public Offering, IPO) is proposed as a priority method of privatization of large state-owned enterprises. The importance of the international donors’ assistance in support of privatization programs in Ukraine is emphasized. The author presents practical recommendations for implementing the mechanism of strategic participation of international financial organizations in the privatization of large state-owned enterprises through primary public offerings. It is noted that in order to carry out transparent privatization successfully and to attract foreign investments in the international financial markets it is expedient, together with international donors, to develop mechanisms for simplified access to the stock markets of state-owned companies which are subject to privatization, but do not meet the strict listing conditions. It is proposed the list of stock exchanges appropriate for IPO of state-owned companies in case of signing the Memorandums on a simplified listing mechanism. In the article the mechanism for granting privatization compensatory guarantees to underwriters by international financial organizations is proposed. Such guarantees will support the successful IPO of companies that are in state ownership and are subject to privatization.

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Published
2018-08-06
How to Cite
Yuliia, K. (2018). STRATEGIC PARTICIPATION OF INTERNATIONAL FINANCIAL ORGANIZATIONS IN PRIVATIZATION OF SOES. Strategic Priorities, 45(4), 64-73. Retrieved from https://niss-priority.com/index.php/journal/article/view/34