As more and more Russian companies flock to the London Stock Exchange for listing, some fund managers in the City of London are worried that there may be some legal or political risks hidden behind this listing boom, which has caused concern about whether Rosneft, Russia's biggest IPO transaction this year, can go on the London Stock Exchange.

Russian companies favor the London Stock Exchange

Since Lukoil's IPO on the London Stock Exchange in 22, in 25, the London stock market reappeared the listing boom of Russian companies. In 25, * * * six Russian companies listed on the London Stock Exchange for the first time, with a total financing scale of $5.1 billion. Among them, Sistema, a Russian enterprise giant, raised 1.2 billion dollars. Pyaterochka, Russia's largest retailer, and Novolipetsk Steel Company each raised $625 million.

This year, the listing of Russian enterprises overseas (including the London Stock Exchange) seems to have no slowdown, and their total IPO is expected to raise billions of dollars in the second half of this year.

Russum Watkins company (Latham &; Anya Goldin, the managing partner of Watkins, has been a listing consultant for some Russian companies for a long time. She attributed the listing boom of Russian companies to the following factors. She said: "Now the overall economic environment is very favorable and the enthusiasm of investors is very high. Russian companies have always regarded the London Stock Exchange as the first choice for overseas listing, because the listing procedures in London are simple and fast, and there is no strict Sarbanes-Aucler Act. "

Although the intermediary represented by Anya Golding is confident of the upsurge of Russian IPO market in the short term, she also warned that as Russia will enter the parliamentary and presidential elections in 27-28, political uncertainty may slow down the IPO pace of Russian enterprises.