Summit of chief executives ‘IPO as a way of increasing company’s cost’

The third annual summit of chief executives on subject ‘IPO as a way of increasing company’s cost’ was held in the conference hall of Hyatt Regency hotel in Kiev on November 14, 2007. This event was organized by Foyil Securities, one of the leading investment companies of Ukraine. V.A.Lunin, Financial director of Motor Sich JSC has delivered a report on behalf of the company.
V.A. Lunin has accompanied his report by presentation to focus attention on the necessity of inviting funds for business development and gave characteristic of the way how the factory’s specialists managed to push the shares of Motor Sich JSC to the world stock market.
In the latest three years the summit of chief executives became a platform for discussing trends in the sphere of attracting capital and strategies of allocating shares. More than 200 chief executives of the leading Ukrainian companies representing construction, machine-building, metallurgical, bank oil-and-gas and other businesses have attended the annual summit of chief executives in 2005 and 2006. The Ukrainian community demonstrates today a permanent development of investment culture and increasing concern of many companies about IPO subject, so even more people have participated in the summit this year.