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Theory And Practice Of Ipo By Russian Banks

Table 1:

Costs Russian sites Foreign sites
Underwriter services Up to 1-3% Up to 7-9%
Taxes 0,2% -
Commission costs Up to10 thousand dollars Up to 1-2%
PR-campaign 10-15 thousand dollars From 500 thousand to 1 million dollars
Total (% of issuing volumes) 2-4% 5-10%
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