Sova Capital Limited

22/02/2022

Last week Sova Capital held its second annual Medical & Healthcare Day.

The recent trends in the industry (e.g., -19) are relevant to the global investor community. At our conference, we hosted 5 Russian companies, both listed and private, that specialize in different fields of medicine (e.g., , , , and laboratory diagnostics).

The Russian sector is expected to focus on organic development fueled by an innovative approach to new product launches and a geographic expansion. We believe that potential IPOs in the mid-term for private peers also reflect interest from investors.

Some company presentations are available in replay here: https://www.youtube.com/playlist?list=PLkov4-3oyxj8yb1igw0YcnpHTynBjDjlT

We look forward to seeing you at our future events!

22/02/2022

Meet our Prime Services team at HFM Global European Emerging Managers Summit 2022 on 1-2 March, Surrey.

Gary Clifford-Newman, Director - Prime Services Sales at Sova Capital is speaking at Dissecting COO challenges: Start-up managers (in operation for less than 5 years) panel.

E. [email protected]

09/02/2022

We are excited to share that our Prime Services Team has been shortlisted for the HFM Global European Services Awards 2022 in 2 categories:

"Best prime broker – boutique"
"Best prime broker – emerging markets"

We are delighted that our offering continues to be recognised amongst a host of leading providers in Europe.

We wish all those nominated the very best of luck and look forward to the awards.

https://www.hfmconnect.global/posts/hfm-european-services-awards-2022-shortlist-announced

21 April 2022 | Victoria & Albert Museum, London

25/01/2022

Sova Capital is sponsoring the HFM Global European Emerging Managers Summit 2022. See you in Pennyhill Park, Surrey on 1-2 March.

Both Gary Clifford-Newman and Dominic Stevens from our Prime Services Team, will be attending and look forward to connecting with existing and new contacts at this flagship event.

Please do reach out if you are attending and would like to meet in person [email protected]

10/01/2022

Indian investors granted access to trading in Russian markets for the first time. Sova Capital tie-up with India INX GA will facilitate trading flows onto Moscow Exchange.

The partnership will provide an outbound connection to all India INX Members and their clients to access all instruments on MOEX and trade the global markets directly from India.

“We are delighted to establish access to Indian investors via our tie-up with India INX to all segments of Moscow Exchange: , , , SPOT. Today markets are integrated and India INX, as an offshore exchange, has made the first but critically important step by offering a unified marketplace that provides access to global markets directly from India. We strongly feel that our cooperation opens new prospects for mutually beneficial business relations between MOEX and India INX and further deepens financial ties between India and Russia,” said Tatiana Primak, Prime Services Sales Director at Sova Capital.

“We are happy to tie-up with Sova Capital in our effort to broaden the access of domestic investors to international markets. We strongly believe this partnership shall further increase the international proposition and attract greater participation on India INX platform,” said V. Balasubramaniam, MD & CEO, India INX.

10/01/2022

A great start to 2022!

Sova Capital’s Prime Services Team has been shortlisted in 2 categories of the Hedgeweek European Awards 2022 Survey:
- Best Prime Broker - Client Service
- Best Prime Broker - Start-Up & Emerging Managers

If you would like to vote you can do so here: https://www.research.net/r/MGMKTSL
Voting closes on 31 January.

We would like to wish all those nominated the very best of luck in their respective categories.

The annual Hedgeweek European Awards recognise excellence among fund managers and service providers in Europe across a wide range of categories.

25/12/2021

Dear Followers!

We wish you a Merry Christmas & Happy New Year!
It has been a pleasure being with you through 2021.

We would like to wish you a great end of the year and a prosperous 2022!

21/12/2021

2021 without a doubt, could be named a successful year for the Russian ECM market with over USD 9bn raised by Russian issuers in over 25 placements.

Following the global surge in global IPO activity fostered by continuing expansionary monetary policies of major global central banks, Russian companies rushed to the markets with 9 successfully closed IPOs.

Nevertheless, two IPOs have been called back despite relatively solid investment stories behind the transactions; investor valuations did not entirely match the issuer's expectations.

The Follow-ons market was dominated by equity placement from mid and small-cap companies, leading to higher average discounts than in 2020. However, we see this as a positive trend signaling that Russian ECM markets cease to be a source of capital for blue-chip companies only.

Among other trends, we saw a further boost in the retail investors' role in the equity offerings, leading to an increased involvement of retail-focused brokers in the syndicates.

Sova Capital's one-pager outlines another 4 key trends that we believe will be shaping the Russian ECM market in the upcoming years.

16/12/2021

Sova Capital‘s report analyzing the past, present and future of Russian equity capital markets is out now!

We anticipate an abundance of placements from small and mid-cap issuers in the coming years.

Alina Sychova, Head of Capital Markets Origination and George Lolaev, CFA, Associate also outline how the Russian domestic market infrastructure continues to evolve and mature.

2021 marks the first year since 2007 when have accounted for more than half of total issuance and momentum appears set to continue into 2022, with as many as a dozen Russian companies said to be seeking public status.

Read the report in full here: https://sovacapital.com/sova-capital-the-view/

15/12/2021

"Many clients are hoping to come out with listings on the back of the full-year numbers but we are all waiting to see whether there are globally coordinated actions by central banks on inflation as well as to address Omicron," Alina Sychova, Head of Capital Markets Origination at Sova Capital.

https://www.reuters.com/markets/europe/least-10-russian-companies-considering-ipos-2022-advisers-say-2021-12-14/

At least 10 Russian companies could hold an initial public offering (IPO) in 2022, extending the listing spree that started a year ago if geopolitics, including Ukraine tensions, and other risks do not thwart their plans, bankers and advisors said.

10/12/2021

Alina Sychova, Sova Capital's Head of CMO is a new guest at The Wall Street Lab , sharing her insights on the process and industry trends.

Alina leads through the entire process a company does from deciding to go public, to the first days of on an exchange.

Like talking to a good old friend, you will learn her own story of making a career and find out the opportunities for young bankers, especially women interested in .

Put on your headphones and listen to the full episode on:
http://wavve.link/TWSL

30/11/2021

SPB Exchange has raised about $175mn in a highly anticipated on its own platform.

is Russia’s leading platform for the trading of international thanks to deep , thin spreads, best ex*****on capabilities, and nearly around-the-clock . The Exchange has also supported and benefited from the boom in Russia and is at the forefront of the retail investments into public .

Despite challenging market backdrop the book was oversubscribed more than fivefold at $800mn and the IPO was priced at the upper end of the price range allowing the exchange to upsize the deal to $175mn versus $150mn originally expected.

Alina Sychova, Head of Capital Markets Origination at Sova Capital:
“We are delighted to have supported SPB Exchange on its route to becoming a public company. It was a very interesting, challenging, and innovative transaction. The offering has gained strong interest from key local and international institutions, creating a foundation for further development and success of the Exchange.”