Some Georgian companies are considering issuing shares on international stock exchanges, with activity in this direction potentially increasing next year, investment bank Galt & Taggart says.
Vano Kikvilashvili, Head of Capital Markets at Galt & Taggart, told BMG that international investors have shown strong interest in Georgian companies already listed on the London Stock Exchange. He expects new Georgian companies to enter international equity markets, although concrete results may take another 9-12 months.
Kikvilashvili said international markets, particularly London, are more attractive for large Georgian companies seeking substantial capital, while the domestic stock exchange could serve smaller businesses. He noted that Georgia's local market currently suffers from limited liquidity and a relatively narrow investor base.
Galt & Taggart believes international listings could also support the development of Georgia's domestic stock market by attracting foreign investors to local securities. The investment bank says it is actively working to expand investor interest in Georgian-listed securities.
