2024-04-06 12:39:37
Last week, the Ministry of Finance‘s (FM) report on the introduction of state-owned companies to the capital market was submitted to the government, however, it is of limited availability, and the public does not know which companies are planned to be listed on the stock exchange. “Confidentiality is a common practice for any company that is going public. It is a fairly regulated process, including information that may or may not be made public until the official announcement of approval of the initial public offering prospectus and permission to start subscribing to the company’s shares. But it could not attribute to the company name,” states CBL Asset Management chairman of the board Kārlis Purgailis. For the most part, companies publicly announce their intention to issue shares and have started preparatory work, thus promoting recognition among potential investors in time. Therefore, in this case too, K. Purgailis does not see any risks, why the names of the companies could not be published.
Previously, the FM informed that it will observe commercial secrecy regarding the promotion of state capital companies in the capital market. The informative report has limited availability because it contains commercial secrets regarding the preparation of capital companies for the initial public offering. FM representatives pointed out that every capital company has its own specific conditions and a gradual preparation path should be determined over a period of several years. Therefore, the FM, for its part, will act in accordance with commercial secrecy regarding the preparation of the capital companies for the initial public offering, and will also inform the public about the decisions as much as possible.
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2024-04-06 12:39:37