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     difficult to offer a reasonable valuation of a company that is comfortable for both the issuer and investors, she says.
The IPO market has gained enough momentum to allow another 2-3 placements to take place by the end of the year, Manzhos argues. Pavlikov expects another 1-2 deals by the end of December.
      8.1 ECM
Moscow Exchange trading volume up 14% in 2024
The total trading volume on all Moscow Exchange (MOEX) markets in 2024 stood at a record RUB1.49 quadrillion, up by 14% y/y, according to MOEX data cited by RBC business portal.
Russia’s Moscow Exchange (MOEX) index has taken a bath in November with the index falling below 2,500 as of November 26, down from over 3,500 earlier this spring. Retail investors are leaving the
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