Moscow’s MICEX stock exchange has just begun publishing the ‘MICEX Innov,’ an innovation index which MICEX president Ruben Agangegyan represented as “The beginning of a conscious life of innovation and investment in Russia.”
A company’s shares can be included in the new index if it floats no less than 10% of its shares and has a capitalization of at least 300 million rubles, or $10.7 million.
The Index currently includes seven companies. Among these are Armada, a provider of software development and other IT services which completed an SPO on MICEX last April, O2TV, an online TV channel targeting a young audience, and Russian Navigation Technologies (RNT), an internationally recognized Russian manufacturer and integrator of telematics systems.
The index also includes the shares of DIOD, a producer of ecological food, the Don Radio Components Factory, the Human Stem Cell Institute, and Pharm-Sintez.
MICEX Innov’s supervisory board will be chaired by Anatoly Chubais, the head of the Russian government-backed nanotechnology company Rusnano.
Earlier this year, MICEX launched the IPO Board, a web service dedicated to innovative companies – including those at startup stage – where “buyers” and “sellers” can publish their share offers and make deals directly.
Sources: MICEX, The Moscow News
