Main | Investment Banking

Equity Capital Markets

For companies making their debut on the public market, there is no substitute for guidance from an experienced professional underwriter. As Russia's largest investment bank, Troika Dialog is the leader in this field.

The combination of our vast client base, profound experience in raising capital and undisputed reputation within the financial community enables us to provide a full spectrum of first-class professional investment banking services for securities placements. As a result, our clients enjoy a competitive edge in capital markets that is second to none.

Troika Dialog expands horizons for investors in the Russian economy by introducing new sectors to the market: Novorossiysk Commercial Sea Port (stevedore and port services), TransContainer (logistics), Belon (coal mining), OGK-5 (power generating sector) and Veropharm (pharmaceuticals).

Initial Public Offerings (IPOs)

Troika Dialog has participated in most equity placements by Russian companies, both on the Russian and international markets, since the market inception.

Our deal roster in 2007 includes two IPOs on the London Stock Exchange – Novorossiysk Commercial Sea Port and OGK-2, as well as four SPOs – Pharmacy Chain 36.6, Power Machines, Vozrozhdenie Bank and URSA Bank.

In June 2007, Troika Dialog successfully placed the additional issue of URSA Bank’s preferred shares. Troika Dialog was the first who started to work with URSA Bank when few investors new about this regional bank. To date, URSA Bank represents one of the most exciting domestic growth stories in the banking sector of Russia and Kazakhstan.

IPOs of OGK-2 and Novorossiysk Commercial Sea Port executed by Troika Dialog in 2007 became the first Initial public offerings in Russia's utilities and transport sectors placed on the London Stock Exchange.

Our specialists in trading operations on international markets in New York and London help issuers not only reach the widest client base, but also get continuous in-depth research coverage, providing a local insight on the issue.

Private Placements

Troika Dialog is the leading organiser of private placements.

In 2006, we acted as lead manager for the private placement of 32% of IBS Group and a major block of preferred shares in Nizhnekamskneftekhim with a number of private investors.

In 2005, we were the sole manager for the private placement of 3% ofRussian gas company NOVATEK, and the year before, we organised private placements for a number of major Russian companies: 10% of Amtel and 5% of Wimm-Bill-Dann.

These deals enabled our customers to solve key problems related to the financing and restructuring of their businesses. As Western financial investors increasingly look for opportunities in Russia, we expect private placements to gain momentum as an alternative way of raising capital.

Website legal regime

Closed joint stock company "Investment Company "Troika Dialog" may provide brokerage and depository services on the basis of the following licenses granted by FSFM of Russia and provide other related services on the securities market:

— №177-06514-100000 for brokerage activities as of April 08, 2003;
— №177-06518-010000 for dealer activities as of April 08, 2003;
— №177-06522-001000 for securities management activities as of April 08, 2003;
— №177-06527-000100 for depository activities as of April 08, 2003;

Please refer any comments and suggestions related to this website to our webmaster.

Informative and analytical services and data are provided by CJSC IC "Troika Dialog" only within the framework of the abovementioned services and do not constitute a separate kind of activity.

CJSC IC "Troika Dialog" may refuse to provide services to persons who do not meet the requirements, imposed by CJSC IC "Troika Dialog" for its clients, or when legislation applicable to such persons prohibits/restricts the provision of these services to them, as well as in other cases stipulated by applicable legislation and/or internal regulations of CJSC IC "Troika Dialog".