In 2024, the Russian IPO market broke the record for the number of completed deals, with 19 issuers hitting the equity capital market and companies raising over 102 billion Roubles. In 2025, the market analysts expect to see about 15 to 20 IPOs taking place. But the bigger the growth, the greater the regulatory scrutiny on securities advertising.  

In an article for RBC.Pro, Anna Sidorenko and Ivan Dubrovskiy, Associates of VERBA LEGAL’s Capital Markets Practice, analyse how companies preparing for an IPO should properly organize communications and advertising in order not to break the law, avoid getting fined and keep up their reputation, breaking down the rules appliable in Russia as well as international practice.

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