id sid tid token lemma pos issue-398 1 1 baltic baltic PROPN issue-398 1 2 journal journal PROPN issue-398 1 3 of of ADP issue-398 1 4 economic economic ADJ issue-398 1 5 studies study NOUN issue-398 1 6 178 178 NUM issue-398 1 7 vol vol NOUN issue-398 1 8 . . PUNCT issue-398 2 1 4 4 NUM issue-398 2 2 , , PUNCT issue-398 2 3 no no INTJ issue-398 2 4 . . NOUN issue-398 2 5 2 2 NUM issue-398 2 6 , , PUNCT issue-398 2 7 2018 2018 NUM issue-398 2 8 corresponding correspond VERB issue-398 2 9 author author NOUN issue-398 2 10 : : PUNCT issue-398 2 11 1 1 NUM issue-398 2 12 department department NOUN issue-398 2 13 of of ADP issue-398 2 14 economic economic ADJ issue-398 2 15 and and CCONJ issue-398 2 16 management management NOUN issue-398 2 17 , , PUNCT issue-398 2 18 odesa odesa PROPN issue-398 2 19 i.i i.i PROPN issue-398 2 20 . . PROPN issue-398 2 21 mechnikov mechnikov PROPN issue-398 2 22 national national PROPN issue-398 2 23 university university PROPN issue-398 2 24 . . PUNCT issue-398 3 1 e e X issue-398 3 2 - - NOUN issue-398 3 3 mail mail NOUN issue-398 3 4 : : PUNCT issue-398 3 5 olga-poberezhec@ukr.net olga-poberezhec@ukr.net PROPN issue-398 3 6 2 2 NUM issue-398 3 7 department department NOUN issue-398 3 8 of of ADP issue-398 3 9 accounting accounting NOUN issue-398 3 10 , , PUNCT issue-398 3 11 analysis analysis NOUN issue-398 3 12 and and CCONJ issue-398 3 13 audit audit NOUN issue-398 3 14 , , PUNCT issue-398 3 15 odessa odessa PROPN issue-398 3 16 national national PROPN issue-398 3 17 polytechnic polytechnic ADJ issue-398 3 18 university university NOUN issue-398 3 19 . . PUNCT issue-398 4 1 e e X issue-398 4 2 - - NOUN issue-398 4 3 mail mail NOUN issue-398 4 4 : : PUNCT issue-398 4 5 kovalova.helen@gmail.com kovalova.helen@gmail.com X issue-398 4 6 3 3 NUM issue-398 4 7 department department NOUN issue-398 4 8 of of ADP issue-398 4 9 financial financial ADJ issue-398 4 10 management management NOUN issue-398 4 11 and and CCONJ issue-398 4 12 stock stock NOUN issue-398 4 13 market market NOUN issue-398 4 14 , , PUNCT issue-398 4 15 odessa odessa ADJ issue-398 4 16 national national PROPN issue-398 4 17 economic economic PROPN issue-398 4 18 university university NOUN issue-398 4 19 . . PUNCT issue-398 5 1 e e X issue-398 5 2 - - NOUN issue-398 5 3 mail mail NOUN issue-398 5 4 : : PUNCT issue-398 5 5 iorgachova@i.ua iorgachova@i.ua NOUN issue-398 5 6 doi doi NOUN issue-398 5 7 : : PUNCT issue-398 5 8 https://doi.org/10.30525/2256-0742/2018-4-2-178-183 https://doi.org/10.30525/2256-0742/2018-4-2-178-183 NUM issue-398 5 9 transformation transformation NOUN issue-398 5 10 processes process NOUN issue-398 5 11 of of ADP issue-398 5 12 the the DET issue-398 5 13 ipo ipo NOUN issue-398 5 14 market market NOUN issue-398 5 15 : : PUNCT issue-398 5 16 ukrainian ukrainian ADJ issue-398 5 17 and and CCONJ issue-398 5 18 world world NOUN issue-398 5 19 experience experience PROPN issue-398 5 20 olga olga PROPN issue-398 5 21 poberezhets1 poberezhets1 PROPN issue-398 5 22 odesa odesa PROPN issue-398 5 23 i.i i.i PROPN issue-398 5 24 . . PROPN issue-398 5 25 mechnikov mechnikov PROPN issue-398 5 26 national national PROPN issue-398 5 27 university university PROPN issue-398 5 28 , , PUNCT issue-398 5 29 ukraine ukraine NOUN issue-398 5 30 olena olena PROPN issue-398 5 31 kovalova2 kovalova2 PROPN issue-398 5 32 odessa odessa PROPN issue-398 5 33 national national PROPN issue-398 5 34 polytechnic polytechnic PROPN issue-398 5 35 university university PROPN issue-398 5 36 , , PUNCT issue-398 5 37 ukraine ukraine PROPN issue-398 5 38 maria maria PROPN issue-398 5 39 iorgachova3 iorgachova3 PROPN issue-398 5 40 odessa odessa PROPN issue-398 5 41 national national PROPN issue-398 5 42 economic economic PROPN issue-398 5 43 university university PROPN issue-398 5 44 , , PUNCT issue-398 5 45 ukraine ukraine PROPN issue-398 5 46 abstract abstract NOUN issue-398 5 47 . . PUNCT issue-398 6 1 the the DET issue-398 6 2 study study NOUN issue-398 6 3 of of ADP issue-398 6 4 ipo ipo PROPN issue-398 6 5 as as ADP issue-398 6 6 a a DET issue-398 6 7 source source NOUN issue-398 6 8 of of ADP issue-398 6 9 financial financial ADJ issue-398 6 10 resources resource NOUN issue-398 6 11 meets meet VERB issue-398 6 12 the the DET issue-398 6 13 current current ADJ issue-398 6 14 needs need NOUN issue-398 6 15 of of ADP issue-398 6 16 the the DET issue-398 6 17 corporate corporate ADJ issue-398 6 18 sector sector NOUN issue-398 6 19 in in ADP issue-398 6 20 conditions condition NOUN issue-398 6 21 of of ADP issue-398 6 22 disintermediation disintermediation NOUN issue-398 6 23 and and CCONJ issue-398 6 24 securitization securitization NOUN issue-398 6 25 trends trend NOUN issue-398 6 26 of of ADP issue-398 6 27 the the DET issue-398 6 28 financial financial ADJ issue-398 6 29 market market NOUN issue-398 6 30 . . PUNCT issue-398 7 1 in in ADP issue-398 7 2 developed develop VERB issue-398 7 3 economies economy NOUN issue-398 7 4 , , PUNCT issue-398 7 5 there there PRON issue-398 7 6 is be VERB issue-398 7 7 a a DET issue-398 7 8 process process NOUN issue-398 7 9 of of ADP issue-398 7 10 shifting shift VERB issue-398 7 11 the the DET issue-398 7 12 emphasis emphasis NOUN issue-398 7 13 in in ADP issue-398 7 14 the the DET issue-398 7 15 direction direction NOUN issue-398 7 16 of of ADP issue-398 7 17 capital capital NOUN issue-398 7 18 attraction attraction NOUN issue-398 7 19 precisely precisely ADV issue-398 7 20 on on ADP issue-398 7 21 the the DET issue-398 7 22 stock stock NOUN issue-398 7 23 market market NOUN issue-398 7 24 segment segment NOUN issue-398 7 25 of of ADP issue-398 7 26 the the DET issue-398 7 27 financial financial ADJ issue-398 7 28 market market NOUN issue-398 7 29 , , PUNCT issue-398 7 30 which which PRON issue-398 7 31 has have VERB issue-398 7 32 a a DET issue-398 7 33 number number NOUN issue-398 7 34 of of ADP issue-398 7 35 advantages advantage NOUN issue-398 7 36 over over ADP issue-398 7 37 the the DET issue-398 7 38 banking banking NOUN issue-398 7 39 system system NOUN issue-398 7 40 that that PRON issue-398 7 41 are be AUX issue-398 7 42 also also ADV issue-398 7 43 connected connect VERB issue-398 7 44 with with ADP issue-398 7 45 the the DET issue-398 7 46 innovation innovation NOUN issue-398 7 47 and and CCONJ issue-398 7 48 investment investment NOUN issue-398 7 49 development development NOUN issue-398 7 50 of of ADP issue-398 7 51 the the DET issue-398 7 52 national national ADJ issue-398 7 53 economy economy NOUN issue-398 7 54 . . PUNCT issue-398 8 1 the the DET issue-398 8 2 formation formation NOUN issue-398 8 3 of of ADP issue-398 8 4 the the DET issue-398 8 5 proper proper ADJ issue-398 8 6 basis basis NOUN issue-398 8 7 for for ADP issue-398 8 8 the the DET issue-398 8 9 development development NOUN issue-398 8 10 of of ADP issue-398 8 11 ipo ipo NOUN issue-398 8 12 market market NOUN issue-398 8 13 determines determine VERB issue-398 8 14 the the DET issue-398 8 15 timeliness timeliness NOUN issue-398 8 16 of of ADP issue-398 8 17 the the DET issue-398 8 18 consideration consideration NOUN issue-398 8 19 of of ADP issue-398 8 20 this this DET issue-398 8 21 issue issue NOUN issue-398 8 22 because because SCONJ issue-398 8 23 it it PRON issue-398 8 24 did do AUX issue-398 8 25 n’t not PART issue-398 8 26 obtain obtain VERB issue-398 8 27 a a DET issue-398 8 28 sufficient sufficient ADJ issue-398 8 29 spread spread NOUN issue-398 8 30 . . PUNCT issue-398 9 1 the the DET issue-398 9 2 emergence emergence NOUN issue-398 9 3 of of ADP issue-398 9 4 new new ADJ issue-398 9 5 instruments instrument NOUN issue-398 9 6 is be AUX issue-398 9 7 the the DET issue-398 9 8 feature feature NOUN issue-398 9 9 that that PRON issue-398 9 10 characterizes characterize VERB issue-398 9 11 the the DET issue-398 9 12 modern modern ADJ issue-398 9 13 stage stage NOUN issue-398 9 14 of of ADP issue-398 9 15 the the DET issue-398 9 16 development development NOUN issue-398 9 17 of of ADP issue-398 9 18 the the DET issue-398 9 19 ukrainian ukrainian ADJ issue-398 9 20 and and CCONJ issue-398 9 21 world world NOUN issue-398 9 22 economy economy NOUN issue-398 9 23 . . PUNCT issue-398 10 1 their their PRON issue-398 10 2 application application NOUN issue-398 10 3 is be AUX issue-398 10 4 a a DET issue-398 10 5 condition condition NOUN issue-398 10 6 for for ADP issue-398 10 7 the the DET issue-398 10 8 further further ADJ issue-398 10 9 development development NOUN issue-398 10 10 and and CCONJ issue-398 10 11 use use NOUN issue-398 10 12 of of ADP issue-398 10 13 the the DET issue-398 10 14 potential potential ADJ issue-398 10 15 opportunities opportunity NOUN issue-398 10 16 for for ADP issue-398 10 17 the the DET issue-398 10 18 improvement improvement NOUN issue-398 10 19 of of ADP issue-398 10 20 economic economic ADJ issue-398 10 21 systems system NOUN issue-398 10 22 . . PUNCT issue-398 11 1 enterprises enterprise NOUN issue-398 11 2 are be AUX issue-398 11 3 able able ADJ issue-398 11 4 to to PART issue-398 11 5 meet meet VERB issue-398 11 6 current current ADJ issue-398 11 7 market market NOUN issue-398 11 8 needs need NOUN issue-398 11 9 and and CCONJ issue-398 11 10 challenges challenge NOUN issue-398 11 11 due due ADJ issue-398 11 12 to to ADP issue-398 11 13 orientation orientation NOUN issue-398 11 14 to to ADP issue-398 11 15 modern modern ADJ issue-398 11 16 trends trend NOUN issue-398 11 17 and and CCONJ issue-398 11 18 timely timely ADJ issue-398 11 19 reaction reaction NOUN issue-398 11 20 to to ADP issue-398 11 21 the the DET issue-398 11 22 latest late ADJ issue-398 11 23 achievements achievement NOUN issue-398 11 24 . . PUNCT issue-398 12 1 one one NUM issue-398 12 2 of of ADP issue-398 12 3 them they PRON issue-398 12 4 is be AUX issue-398 12 5 the the DET issue-398 12 6 ipo ipo NOUN issue-398 12 7 ( ( PUNCT issue-398 12 8 initial initial ADJ issue-398 12 9 public public ADJ issue-398 12 10 offering offering NOUN issue-398 12 11 ) ) PUNCT issue-398 12 12 , , PUNCT issue-398 12 13 which which PRON issue-398 12 14 is be AUX issue-398 12 15 the the DET issue-398 12 16 primary primary ADJ issue-398 12 17 public public ADJ issue-398 12 18 offering offering NOUN issue-398 12 19 of of ADP issue-398 12 20 shares share NOUN issue-398 12 21 . . PUNCT issue-398 13 1 participants participant NOUN issue-398 13 2 of of ADP issue-398 13 3 the the DET issue-398 13 4 ukrainian ukrainian ADJ issue-398 13 5 market market NOUN issue-398 13 6 face face VERB issue-398 13 7 a a DET issue-398 13 8 number number NOUN issue-398 13 9 of of ADP issue-398 13 10 obstacles obstacle NOUN issue-398 13 11 during during ADP issue-398 13 12 ipo ipo NOUN issue-398 13 13 on on ADP issue-398 13 14 the the DET issue-398 13 15 domestic domestic ADJ issue-398 13 16 and and CCONJ issue-398 13 17 foreign foreign ADJ issue-398 13 18 stock stock NOUN issue-398 13 19 exchanges exchange NOUN issue-398 13 20 . . PUNCT issue-398 14 1 it it PRON issue-398 14 2 necessitates necessitate VERB issue-398 14 3 a a DET issue-398 14 4 comprehensive comprehensive ADJ issue-398 14 5 review review NOUN issue-398 14 6 of of ADP issue-398 14 7 this this DET issue-398 14 8 issue issue NOUN issue-398 14 9 for for ADP issue-398 14 10 a a DET issue-398 14 11 further further ADJ issue-398 14 12 developing developing NOUN issue-398 14 13 of of ADP issue-398 14 14 this this DET issue-398 14 15 method method NOUN issue-398 14 16 of of ADP issue-398 14 17 accumulating accumulate VERB issue-398 14 18 financial financial ADJ issue-398 14 19 resources resource NOUN issue-398 14 20 . . PUNCT issue-398 15 1 the the DET issue-398 15 2 purpose purpose NOUN issue-398 15 3 of of ADP issue-398 15 4 this this DET issue-398 15 5 article article NOUN issue-398 15 6 is be AUX issue-398 15 7 to to PART issue-398 15 8 identify identify VERB issue-398 15 9 the the DET issue-398 15 10 ipo ipo NOUN issue-398 15 11 market market NOUN issue-398 15 12 as as ADP issue-398 15 13 a a DET issue-398 15 14 system system NOUN issue-398 15 15 of of ADP issue-398 15 16 interrelated interrelated ADJ issue-398 15 17 components component NOUN issue-398 15 18 that that PRON issue-398 15 19 form form VERB issue-398 15 20 its its PRON issue-398 15 21 essence essence NOUN issue-398 15 22 , , PUNCT issue-398 15 23 and and CCONJ issue-398 15 24 on on ADP issue-398 15 25 the the DET issue-398 15 26 basis basis NOUN issue-398 15 27 of of ADP issue-398 15 28 a a DET issue-398 15 29 generalization generalization NOUN issue-398 15 30 of of ADP issue-398 15 31 the the DET issue-398 15 32 constraining constrain VERB issue-398 15 33 factors factor NOUN issue-398 15 34 of of ADP issue-398 15 35 development development NOUN issue-398 15 36 – – PUNCT issue-398 15 37 providing provide VERB issue-398 15 38 recommendations recommendation NOUN issue-398 15 39 on on ADP issue-398 15 40 the the DET issue-398 15 41 perspective perspective ADJ issue-398 15 42 lines line NOUN issue-398 15 43 of of ADP issue-398 15 44 improving improve VERB issue-398 15 45 the the DET issue-398 15 46 ipo ipo NOUN issue-398 15 47 market market NOUN issue-398 15 48 , , PUNCT issue-398 15 49 taking take VERB issue-398 15 50 into into ADP issue-398 15 51 consideration consideration NOUN issue-398 15 52 the the DET issue-398 15 53 peculiarities peculiarity NOUN issue-398 15 54 of of ADP issue-398 15 55 the the DET issue-398 15 56 ukrainian ukrainian ADJ issue-398 15 57 and and CCONJ issue-398 15 58 world world NOUN issue-398 15 59 stock stock NOUN issue-398 15 60 market market NOUN issue-398 15 61 . . PUNCT issue-398 16 1 methodology methodology NOUN issue-398 16 2 . . PUNCT issue-398 17 1 analytical analytical ADJ issue-398 17 2 market market NOUN issue-398 17 3 reviews review NOUN issue-398 17 4 , , PUNCT issue-398 17 5 materials material NOUN issue-398 17 6 of of ADP issue-398 17 7 periodicals periodical NOUN issue-398 17 8 , , PUNCT issue-398 17 9 resources resource NOUN issue-398 17 10 of of ADP issue-398 17 11 the the DET issue-398 17 12 internet internet NOUN issue-398 17 13 are be AUX issue-398 17 14 the the DET issue-398 17 15 informational informational ADJ issue-398 17 16 and and CCONJ issue-398 17 17 methodological methodological ADJ issue-398 17 18 basis basis NOUN issue-398 17 19 of of ADP issue-398 17 20 the the DET issue-398 17 21 investigation investigation NOUN issue-398 17 22 . . PUNCT issue-398 18 1 to to PART issue-398 18 2 achieve achieve VERB issue-398 18 3 the the DET issue-398 18 4 goal goal NOUN issue-398 18 5 set set NOUN issue-398 18 6 , , PUNCT issue-398 18 7 the the DET issue-398 18 8 following follow VERB issue-398 18 9 general general ADJ issue-398 18 10 scientific scientific ADJ issue-398 18 11 and and CCONJ issue-398 18 12 special special ADJ issue-398 18 13 methods method NOUN issue-398 18 14 were be AUX issue-398 18 15 used use VERB issue-398 18 16 : : PUNCT issue-398 18 17 economic economic ADJ issue-398 18 18 and and CCONJ issue-398 18 19 mathematical mathematical ADJ issue-398 18 20 methods method NOUN issue-398 18 21 , , PUNCT issue-398 18 22 structural structural ADJ issue-398 18 23 - - PUNCT issue-398 18 24 logical logical ADJ issue-398 18 25 analysis analysis NOUN issue-398 18 26 , , PUNCT issue-398 18 27 analogy analogy NOUN issue-398 18 28 , , PUNCT issue-398 18 29 synthesis synthesis NOUN issue-398 18 30 , , PUNCT issue-398 18 31 comparison comparison NOUN issue-398 18 32 and and CCONJ issue-398 18 33 integration integration NOUN issue-398 18 34 , , PUNCT issue-398 18 35 factor factor NOUN issue-398 18 36 analysis analysis NOUN issue-398 18 37 . . PUNCT issue-398 19 1 results result NOUN issue-398 19 2 . . PUNCT issue-398 20 1 the the DET issue-398 20 2 factors factor NOUN issue-398 20 3 that that PRON issue-398 20 4 should should AUX issue-398 20 5 be be AUX issue-398 20 6 taken take VERB issue-398 20 7 into into ADP issue-398 20 8 account account NOUN issue-398 20 9 by by ADP issue-398 20 10 the the DET issue-398 20 11 issuer issuer NOUN issue-398 20 12 for for ADP issue-398 20 13 the the DET issue-398 20 14 success success NOUN issue-398 20 15 of of ADP issue-398 20 16 the the DET issue-398 20 17 ipo ipo NOUN issue-398 20 18 procedure procedure NOUN issue-398 20 19 are be AUX issue-398 20 20 justified justify VERB issue-398 20 21 . . PUNCT issue-398 21 1 problematic problematic ADJ issue-398 21 2 aspects aspect NOUN issue-398 21 3 and and CCONJ issue-398 21 4 directions direction NOUN issue-398 21 5 of of ADP issue-398 21 6 their their PRON issue-398 21 7 elimination elimination NOUN issue-398 21 8 are be AUX issue-398 21 9 determined determine VERB issue-398 21 10 for for ADP issue-398 21 11 every every DET issue-398 21 12 concrete concrete ADJ issue-398 21 13 stage stage NOUN issue-398 21 14 of of ADP issue-398 21 15 the the DET issue-398 21 16 ipo ipo NOUN issue-398 21 17 . . PUNCT issue-398 22 1 the the DET issue-398 22 2 model model NOUN issue-398 22 3 for for SCONJ issue-398 22 4 the the DET issue-398 22 5 domestic domestic ADJ issue-398 22 6 companies company NOUN issue-398 22 7 to to PART issue-398 22 8 enter enter VERB issue-398 22 9 the the DET issue-398 22 10 ipo ipo NOUN issue-398 22 11 market market NOUN issue-398 22 12 is be AUX issue-398 22 13 proposed propose VERB issue-398 22 14 that that PRON issue-398 22 15 has have VERB issue-398 22 16 a a DET issue-398 22 17 special special ADJ issue-398 22 18 significance significance NOUN issue-398 22 19 in in ADP issue-398 22 20 the the DET issue-398 22 21 context context NOUN issue-398 22 22 of of ADP issue-398 22 23 increasing increase VERB issue-398 22 24 the the DET issue-398 22 25 volume volume NOUN issue-398 22 26 of of ADP issue-398 22 27 financing finance VERB issue-398 22 28 innovative innovative ADJ issue-398 22 29 activity activity NOUN issue-398 22 30 . . PUNCT issue-398 23 1 directions direction NOUN issue-398 23 2 for for ADP issue-398 23 3 reforming reform VERB issue-398 23 4 the the DET issue-398 23 5 regulatory regulatory ADJ issue-398 23 6 and and CCONJ issue-398 23 7 legislative legislative ADJ issue-398 23 8 framework framework NOUN issue-398 23 9 are be AUX issue-398 23 10 considered consider VERB issue-398 23 11 . . PUNCT issue-398 24 1 practical practical ADJ issue-398 24 2 implications implication NOUN issue-398 24 3 . . PUNCT issue-398 25 1 directions direction NOUN issue-398 25 2 for for ADP issue-398 25 3 improving improve VERB issue-398 25 4 the the DET issue-398 25 5 process process NOUN issue-398 25 6 of of ADP issue-398 25 7 passing pass VERB issue-398 25 8 through through ADP issue-398 25 9 the the DET issue-398 25 10 ipo ipo NOUN issue-398 25 11 stages stage NOUN issue-398 25 12 can can AUX issue-398 25 13 be be AUX issue-398 25 14 applied apply VERB issue-398 25 15 by by ADP issue-398 25 16 issuers issuer NOUN issue-398 25 17 , , PUNCT issue-398 25 18 taking take VERB issue-398 25 19 into into ADP issue-398 25 20 account account NOUN issue-398 25 21 the the DET issue-398 25 22 peculiarities peculiarity NOUN issue-398 25 23 of of ADP issue-398 25 24 the the DET issue-398 25 25 domestic domestic ADJ issue-398 25 26 and and CCONJ issue-398 25 27 world world NOUN issue-398 25 28 stock stock NOUN issue-398 25 29 market market NOUN issue-398 25 30 . . PUNCT issue-398 26 1 value value NOUN issue-398 26 2 / / SYM issue-398 26 3 originality originality NOUN issue-398 26 4 . . PUNCT issue-398 27 1 the the DET issue-398 27 2 biggest big ADJ issue-398 27 3 part part NOUN issue-398 27 4 of of ADP issue-398 27 5 the the DET issue-398 27 6 scientific scientific ADJ issue-398 27 7 works work NOUN issue-398 27 8 is be AUX issue-398 27 9 devoted devote VERB issue-398 27 10 to to ADP issue-398 27 11 the the DET issue-398 27 12 theoretical theoretical ADJ issue-398 27 13 aspects aspect NOUN issue-398 27 14 of of ADP issue-398 27 15 ipo ipo NOUN issue-398 27 16 , , PUNCT issue-398 27 17 clarifying clarify VERB issue-398 27 18 the the DET issue-398 27 19 essence essence NOUN issue-398 27 20 of of ADP issue-398 27 21 this this DET issue-398 27 22 process process NOUN issue-398 27 23 , , PUNCT issue-398 27 24 structuring structure VERB issue-398 27 25 its its PRON issue-398 27 26 participants participant NOUN issue-398 27 27 , , PUNCT issue-398 27 28 the the DET issue-398 27 29 advantages advantage NOUN issue-398 27 30 of of ADP issue-398 27 31 carrying carry VERB issue-398 27 32 out out ADP issue-398 27 33 . . PUNCT issue-398 28 1 at at ADP issue-398 28 2 the the DET issue-398 28 3 same same ADJ issue-398 28 4 time time NOUN issue-398 28 5 , , PUNCT issue-398 28 6 a a DET issue-398 28 7 part part NOUN issue-398 28 8 of of ADP issue-398 28 9 the the DET issue-398 28 10 works work NOUN issue-398 28 11 is be AUX issue-398 28 12 devoted devote VERB issue-398 28 13 to to ADP issue-398 28 14 the the DET issue-398 28 15 consideration consideration NOUN issue-398 28 16 of of ADP issue-398 28 17 ipo ipo NOUN issue-398 28 18 as as ADP issue-398 28 19 an an DET issue-398 28 20 instrument instrument NOUN issue-398 28 21 for for ADP issue-398 28 22 attracting attract VERB issue-398 28 23 financial financial ADJ issue-398 28 24 resources resource NOUN issue-398 28 25 by by ADP issue-398 28 26 corporations corporation NOUN issue-398 28 27 . . PUNCT issue-398 29 1 the the DET issue-398 29 2 authors author NOUN issue-398 29 3 reviewed review VERB issue-398 29 4 ipo ipo NOUN issue-398 29 5 in in ADP issue-398 29 6 a a DET issue-398 29 7 system system NOUN issue-398 29 8 that that PRON issue-398 29 9 combines combine VERB issue-398 29 10 the the DET issue-398 29 11 above above ADJ issue-398 29 12 aspects aspect NOUN issue-398 29 13 with with ADP issue-398 29 14 its its PRON issue-398 29 15 procedure procedure NOUN issue-398 29 16 stages stage NOUN issue-398 29 17 and and CCONJ issue-398 29 18 propositions proposition NOUN issue-398 29 19 to to PART issue-398 29 20 cancel cancel VERB issue-398 29 21 out out ADP issue-398 29 22 constraining constrain VERB issue-398 29 23 factors factor NOUN issue-398 29 24 that that PRON issue-398 29 25 have have VERB issue-398 29 26 a a DET issue-398 29 27 place place NOUN issue-398 29 28 on on ADP issue-398 29 29 each each DET issue-398 29 30 step step NOUN issue-398 29 31 of of ADP issue-398 29 32 ipo ipo NOUN issue-398 29 33 . . PUNCT issue-398 30 1 the the DET issue-398 30 2 presented present VERB issue-398 30 3 integrated integrate VERB issue-398 30 4 approach approach NOUN issue-398 30 5 will will AUX issue-398 30 6 allow allow VERB issue-398 30 7 expanding expand VERB issue-398 30 8 the the DET issue-398 30 9 use use NOUN issue-398 30 10 of of ADP issue-398 30 11 the the DET issue-398 30 12 ipo ipo NOUN issue-398 30 13 in in ADP issue-398 30 14 the the DET issue-398 30 15 financial financial ADJ issue-398 30 16 market market NOUN issue-398 30 17 as as ADP issue-398 30 18 a a DET issue-398 30 19 source source NOUN issue-398 30 20 of of ADP issue-398 30 21 financial financial ADJ issue-398 30 22 resources resource NOUN issue-398 30 23 for for ADP issue-398 30 24 the the DET issue-398 30 25 corporative corporative ADJ issue-398 30 26 sector sector NOUN issue-398 30 27 . . PUNCT issue-398 31 1 it it PRON issue-398 31 2 is be AUX issue-398 31 3 also also ADV issue-398 31 4 important important ADJ issue-398 31 5 to to PART issue-398 31 6 consider consider VERB issue-398 31 7 the the DET issue-398 31 8 impact impact NOUN issue-398 31 9 of of ADP issue-398 31 10 the the DET issue-398 31 11 planned plan VERB issue-398 31 12 baltic baltic ADJ issue-398 31 13 journal journal PROPN issue-398 31 14 of of ADP issue-398 31 15 economic economic ADJ issue-398 31 16 studies study NOUN issue-398 31 17 179 179 NUM issue-398 31 18 vol vol NOUN issue-398 31 19 . . PROPN issue-398 32 1 4 4 NUM issue-398 32 2 , , PUNCT issue-398 32 3 no no INTJ issue-398 32 4 . . NOUN issue-398 32 5 2 2 NUM issue-398 32 6 , , PUNCT issue-398 32 7 2018 2018 NUM issue-398 32 8 1 1 NUM issue-398 32 9 . . PUNCT issue-398 33 1 introduction introduction NOUN issue-398 33 2 innovative innovative ADJ issue-398 33 3 development development NOUN issue-398 33 4 of of ADP issue-398 33 5 the the DET issue-398 33 6 corporative corporative ADJ issue-398 33 7 sector sector NOUN issue-398 33 8 is be AUX issue-398 33 9 based base VERB issue-398 33 10 on on ADP issue-398 33 11 the the DET issue-398 33 12 capital capital NOUN issue-398 33 13 raising raise VERB issue-398 33 14 on on ADP issue-398 33 15 the the DET issue-398 33 16 stock stock NOUN issue-398 33 17 market market NOUN issue-398 33 18 in in ADP issue-398 33 19 the the DET issue-398 33 20 developed develop VERB issue-398 33 21 economic economic ADJ issue-398 33 22 systems system NOUN issue-398 33 23 . . PUNCT issue-398 34 1 realization realization NOUN issue-398 34 2 of of ADP issue-398 34 3 the the DET issue-398 34 4 ipo ipo NOUN issue-398 34 5 did do AUX issue-398 34 6 n’t not PART issue-398 34 7 have have VERB issue-398 34 8 widespread widespread ADJ issue-398 34 9 use use NOUN issue-398 34 10 in in ADP issue-398 34 11 the the DET issue-398 34 12 modern modern ADJ issue-398 34 13 economic economic ADJ issue-398 34 14 situation situation NOUN issue-398 34 15 in in ADP issue-398 34 16 ukraine ukraine NOUN issue-398 34 17 that that PRON issue-398 34 18 causes cause VERB issue-398 34 19 an an DET issue-398 34 20 actuality actuality NOUN issue-398 34 21 of of ADP issue-398 34 22 its its PRON issue-398 34 23 basis basis NOUN issue-398 34 24 formation formation NOUN issue-398 34 25 . . PUNCT issue-398 35 1 interest interest NOUN issue-398 35 2 in in ADP issue-398 35 3 the the DET issue-398 35 4 emission emission NOUN issue-398 35 5 of of ADP issue-398 35 6 shares share NOUN issue-398 35 7 as as ADP issue-398 35 8 a a DET issue-398 35 9 source source NOUN issue-398 35 10 of of ADP issue-398 35 11 capital capital NOUN issue-398 35 12 raising raising NOUN issue-398 35 13 is be AUX issue-398 35 14 gradually gradually ADV issue-398 35 15 growing grow VERB issue-398 35 16 after after ADP issue-398 35 17 the the DET issue-398 35 18 crisis crisis NOUN issue-398 35 19 of of ADP issue-398 35 20 2013–2014 2013–2014 NUM issue-398 35 21 , , PUNCT issue-398 35 22 which which PRON issue-398 35 23 differed differ VERB issue-398 35 24 in in ADP issue-398 35 25 the the DET issue-398 35 26 absence absence NOUN issue-398 35 27 of of ADP issue-398 35 28 the the DET issue-398 35 29 ipo ipo NOUN issue-398 35 30 of of ADP issue-398 35 31 ukrainian ukrainian ADJ issue-398 35 32 issuers issuer NOUN issue-398 35 33 . . PUNCT issue-398 36 1 the the DET issue-398 36 2 definition definition NOUN issue-398 36 3 of of ADP issue-398 36 4 ways way NOUN issue-398 36 5 how how SCONJ issue-398 36 6 to to PART issue-398 36 7 eliminate eliminate VERB issue-398 36 8 the the DET issue-398 36 9 factors factor NOUN issue-398 36 10 constraining constrain VERB issue-398 36 11 the the DET issue-398 36 12 implementation implementation NOUN issue-398 36 13 of of ADP issue-398 36 14 the the DET issue-398 36 15 ipo ipo NOUN issue-398 36 16 requires require VERB issue-398 36 17 a a DET issue-398 36 18 detailed detailed ADJ issue-398 36 19 consideration consideration NOUN issue-398 36 20 . . PUNCT issue-398 37 1 theoretical theoretical ADJ issue-398 37 2 basis basis NOUN issue-398 37 3 and and CCONJ issue-398 37 4 practical practical ADJ issue-398 37 5 aspects aspect NOUN issue-398 37 6 of of ADP issue-398 37 7 ipo ipo NOUN issue-398 37 8 market market NOUN issue-398 37 9 development development NOUN issue-398 37 10 were be AUX issue-398 37 11 reflected reflect VERB issue-398 37 12 in in ADP issue-398 37 13 the the DET issue-398 37 14 scientific scientific ADJ issue-398 37 15 works work NOUN issue-398 37 16 of of ADP issue-398 37 17 v. v. NOUN issue-398 37 18     SPACE issue-398 37 19 kublikov kublikov PROPN issue-398 37 20 , , PUNCT issue-398 37 21 m. m. PROPN issue-398 37 22 sokolov sokolov PROPN issue-398 37 23 , , PUNCT issue-398 37 24 m. m. PROPN issue-398 37 25 stefanishin stefanishin PROPN issue-398 37 26 , , PUNCT issue-398 37 27 j. j. PROPN issue-398 37 28 lerner lerner PROPN issue-398 37 29 . . PUNCT issue-398 38 1 j. j. PROPN issue-398 38 2 lerner lerner PROPN issue-398 38 3 and and CCONJ issue-398 38 4 m. m. PROPN issue-398 38 5 stefanishin stefanishin PROPN issue-398 38 6 paid pay VERB issue-398 38 7 attention attention NOUN issue-398 38 8 to to ADP issue-398 38 9 the the DET issue-398 38 10 ipo ipo NOUN issue-398 38 11 main main ADJ issue-398 38 12 stages stage NOUN issue-398 38 13 in in ADP issue-398 38 14 their their PRON issue-398 38 15 works work NOUN issue-398 38 16 . . PUNCT issue-398 39 1 such such ADJ issue-398 39 2 researchers researcher NOUN issue-398 39 3 as as ADP issue-398 39 4 v. v. PROPN issue-398 39 5     SPACE issue-398 39 6 kublikov kublikov PROPN issue-398 39 7 and and CCONJ issue-398 39 8 m. m. PROPN issue-398 39 9 sokolov sokolov PROPN issue-398 39 10 focused focus VERB issue-398 39 11 on on ADP issue-398 39 12 the the DET issue-398 39 13 main main ADJ issue-398 39 14 trends trend NOUN issue-398 39 15 in in ADP issue-398 39 16 the the DET issue-398 39 17 development development NOUN issue-398 39 18 of of ADP issue-398 39 19 the the DET issue-398 39 20 ipo ipo NOUN issue-398 39 21 market market NOUN issue-398 39 22 and and CCONJ issue-398 39 23 peculiarities peculiarity NOUN issue-398 39 24 of of ADP issue-398 39 25 privatization privatization NOUN issue-398 39 26 of of ADP issue-398 39 27 state state NOUN issue-398 39 28 enterprises enterprise NOUN issue-398 39 29 with with ADP issue-398 39 30 the the DET issue-398 39 31 help help NOUN issue-398 39 32 of of ADP issue-398 39 33 the the DET issue-398 39 34 ipo ipo PROPN issue-398 39 35 financial financial ADJ issue-398 39 36 instruments instrument NOUN issue-398 39 37 . . PUNCT issue-398 40 1 the the DET issue-398 40 2 development development NOUN issue-398 40 3 of of ADP issue-398 40 4 an an DET issue-398 40 5 integrated integrated ADJ issue-398 40 6 approach approach NOUN issue-398 40 7 to to ADP issue-398 40 8 reforming reform VERB issue-398 40 9 the the DET issue-398 40 10 ipo ipo NOUN issue-398 40 11 market market NOUN issue-398 40 12 , , PUNCT issue-398 40 13 which which PRON issue-398 40 14 is be AUX issue-398 40 15 based base VERB issue-398 40 16 on on ADP issue-398 40 17 the the DET issue-398 40 18 interaction interaction NOUN issue-398 40 19 of of ADP issue-398 40 20 all all DET issue-398 40 21 its its PRON issue-398 40 22 structural structural ADJ issue-398 40 23 elements element NOUN issue-398 40 24 , , PUNCT issue-398 40 25 the the DET issue-398 40 26 specifics specific NOUN issue-398 40 27 of of ADP issue-398 40 28 the the DET issue-398 40 29 procedure procedure NOUN issue-398 40 30 on on ADP issue-398 40 31 stock stock NOUN issue-398 40 32 exchanges exchange NOUN issue-398 40 33 , , PUNCT issue-398 40 34 remains remain VERB issue-398 40 35 an an DET issue-398 40 36 insufficiently insufficiently ADV issue-398 40 37 developed develop VERB issue-398 40 38 scientific scientific ADJ issue-398 40 39 question question NOUN issue-398 40 40 . . PUNCT issue-398 41 1 2 2 X issue-398 41 2 . . NUM issue-398 41 3 factors factor NOUN issue-398 41 4 of of ADP issue-398 41 5 successful successful ADJ issue-398 41 6 initial initial ADJ issue-398 41 7 public public ADJ issue-398 41 8 offering offering NOUN issue-398 41 9 ( ( PUNCT issue-398 41 10 ipo ipo NOUN issue-398 41 11 ) ) PUNCT issue-398 41 12 based base VERB issue-398 41 13 on on ADP issue-398 41 14 the the DET issue-398 41 15 pluralism pluralism NOUN issue-398 41 16 of of ADP issue-398 41 17 the the DET issue-398 41 18 scientific scientific ADJ issue-398 41 19 approaches approach NOUN issue-398 41 20 , , PUNCT issue-398 41 21 the the DET issue-398 41 22 world world NOUN issue-398 41 23 exchange exchange NOUN issue-398 41 24 practice practice NOUN issue-398 41 25 and and CCONJ issue-398 41 26 the the DET issue-398 41 27 domestic domestic ADJ issue-398 41 28 regulatory regulatory ADJ issue-398 41 29 and and CCONJ issue-398 41 30 legislative legislative ADJ issue-398 41 31 framework framework NOUN issue-398 41 32 , , PUNCT issue-398 41 33 ipo ipo PROPN issue-398 41 34 should should AUX issue-398 41 35 be be AUX issue-398 41 36 viewed view VERB issue-398 41 37 as as ADP issue-398 41 38 a a DET issue-398 41 39 procedure procedure NOUN issue-398 41 40 of of ADP issue-398 41 41 obtaining obtain VERB issue-398 41 42 public public ADJ issue-398 41 43 status status NOUN issue-398 41 44 by by ADP issue-398 41 45 a a DET issue-398 41 46 company company NOUN issue-398 41 47 that that PRON issue-398 41 48 includes include VERB issue-398 41 49 operations operation NOUN issue-398 41 50 of of ADP issue-398 41 51 organizational organizational ADJ issue-398 41 52 , , PUNCT issue-398 41 53 legal legal ADJ issue-398 41 54 , , PUNCT issue-398 41 55 financial financial ADJ issue-398 41 56 character character NOUN issue-398 41 57 involving involve VERB issue-398 41 58 both both CCONJ issue-398 41 59 professional professional ADJ issue-398 41 60 and and CCONJ issue-398 41 61 collateral collateral ADJ issue-398 41 62 participants participant NOUN issue-398 41 63 of of ADP issue-398 41 64 the the DET issue-398 41 65 stock stock NOUN issue-398 41 66 market market NOUN issue-398 41 67 and and CCONJ issue-398 41 68 groups group NOUN issue-398 41 69 of of ADP issue-398 41 70 interested interested ADJ issue-398 41 71 investors investor NOUN issue-398 41 72 who who PRON issue-398 41 73 are be AUX issue-398 41 74 not not PART issue-398 41 75 known know VERB issue-398 41 76 in in ADP issue-398 41 77 advance advance NOUN issue-398 41 78 according accord VERB issue-398 41 79 to to ADP issue-398 41 80 the the DET issue-398 41 81 announcement announcement NOUN issue-398 41 82 of of ADP issue-398 41 83 stock stock NOUN issue-398 41 84 trading trading NOUN issue-398 41 85 in in ADP issue-398 41 86 the the DET issue-398 41 87 mass mass NOUN issue-398 41 88 media medium NOUN issue-398 41 89 . . PUNCT issue-398 42 1 the the DET issue-398 42 2 choice choice NOUN issue-398 42 3 of of ADP issue-398 42 4 a a DET issue-398 42 5 professional professional ADJ issue-398 42 6 trade trade NOUN issue-398 42 7 organizer organizer NOUN issue-398 42 8 is be AUX issue-398 42 9 one one NUM issue-398 42 10 of of ADP issue-398 42 11 the the DET issue-398 42 12 key key ADJ issue-398 42 13 decisions decision NOUN issue-398 42 14 that that PRON issue-398 42 15 the the DET issue-398 42 16 issuer issuer NOUN issue-398 42 17 must must AUX issue-398 42 18 take take VERB issue-398 42 19 in in ADP issue-398 42 20 the the DET issue-398 42 21 process process NOUN issue-398 42 22 of of ADP issue-398 42 23 attracting attract VERB issue-398 42 24 financial financial ADJ issue-398 42 25 resources resource NOUN issue-398 42 26 within within ADP issue-398 42 27 the the DET issue-398 42 28 ipo ipo NOUN issue-398 42 29 . . PUNCT issue-398 43 1 it it PRON issue-398 43 2 is be AUX issue-398 43 3 based base VERB issue-398 43 4 on on ADP issue-398 43 5 the the DET issue-398 43 6 factors factor NOUN issue-398 43 7 that that PRON issue-398 43 8 should should AUX issue-398 43 9 be be AUX issue-398 43 10 taken take VERB issue-398 43 11 into into ADP issue-398 43 12 account account NOUN issue-398 43 13 for for ADP issue-398 43 14 the the DET issue-398 43 15 success success NOUN issue-398 43 16 of of ADP issue-398 43 17 the the DET issue-398 43 18 securities security NOUN issue-398 43 19 placement placement NOUN issue-398 43 20 : : PUNCT issue-398 43 21 – – PUNCT issue-398 43 22 issuing issue VERB issue-398 43 23 volumes volume NOUN issue-398 43 24 according accord VERB issue-398 43 25 to to ADP issue-398 43 26 the the DET issue-398 43 27 ipo ipo NOUN issue-398 43 28 prospectus prospectus NOUN issue-398 43 29 should should AUX issue-398 43 30 correspond correspond VERB issue-398 43 31 with with ADP issue-398 43 32 the the DET issue-398 43 33 stock stock NOUN issue-398 43 34 market market NOUN issue-398 43 35 capacity capacity NOUN issue-398 43 36 . . PUNCT issue-398 44 1 – – PUNCT issue-398 44 2 an an DET issue-398 44 3 effective effective ADJ issue-398 44 4 demand demand NOUN issue-398 44 5 and and CCONJ issue-398 44 6 correspondence correspondence NOUN issue-398 44 7 of of ADP issue-398 44 8 the the DET issue-398 44 9 issuer issuer NOUN issue-398 44 10 ’s ’s PART issue-398 44 11 goals goal NOUN issue-398 44 12 and and CCONJ issue-398 44 13 the the DET issue-398 44 14 investor investor NOUN issue-398 44 15 for for ADP issue-398 44 16 searching search VERB issue-398 44 17 for for ADP issue-398 44 18 strategic strategic ADJ issue-398 44 19 or or CCONJ issue-398 44 20 portfolio portfolio NOUN issue-398 44 21 investors investor NOUN issue-398 44 22 . . PUNCT issue-398 45 1 – – PUNCT issue-398 45 2 transparency transparency NOUN issue-398 45 3 and and CCONJ issue-398 45 4 availability availability NOUN issue-398 45 5 of of ADP issue-398 45 6 information information NOUN issue-398 45 7 for for ADP issue-398 45 8 investors investor NOUN issue-398 45 9 , , PUNCT issue-398 45 10 counterparties counterpartie NOUN issue-398 45 11 and and CCONJ issue-398 45 12 its its PRON issue-398 45 13 comparison comparison NOUN issue-398 45 14 possibility possibility NOUN issue-398 45 15 in in ADP issue-398 45 16 the the DET issue-398 45 17 question question NOUN issue-398 45 18 of of ADP issue-398 45 19 concrete concrete ADJ issue-398 45 20 issuers issuer NOUN issue-398 45 21 on on ADP issue-398 45 22 the the DET issue-398 45 23 stock stock NOUN issue-398 45 24 exchange exchange NOUN issue-398 45 25 . . PUNCT issue-398 46 1 peculiar peculiar ADJ issue-398 46 2 features feature NOUN issue-398 46 3 of of ADP issue-398 46 4 sector sector NOUN issue-398 46 5 profile profile NOUN issue-398 46 6 of of ADP issue-398 46 7 issuers issuer NOUN issue-398 46 8 that that PRON issue-398 46 9 are be AUX issue-398 46 10 represented represent VERB issue-398 46 11 on on ADP issue-398 46 12 the the DET issue-398 46 13 determined determined ADJ issue-398 46 14 stock stock NOUN issue-398 46 15 exchange exchange NOUN issue-398 46 16 . . PUNCT issue-398 47 1 – – PUNCT issue-398 47 2 listing list VERB issue-398 47 3 criteria criterion NOUN issue-398 47 4 of of ADP issue-398 47 5 the the DET issue-398 47 6 stock stock NOUN issue-398 47 7 exchange exchange NOUN issue-398 47 8 . . PUNCT issue-398 48 1 – – PUNCT issue-398 48 2 evaluation evaluation NOUN issue-398 48 3 of of ADP issue-398 48 4 compliance compliance NOUN issue-398 48 5 with with ADP issue-398 48 6 the the DET issue-398 48 7 declared declare VERB issue-398 48 8 free free ADJ issue-398 48 9 - - PUNCT issue-398 48 10 float float NOUN issue-398 48 11 level level NOUN issue-398 48 12 by by ADP issue-398 48 13 the the DET issue-398 48 14 stock stock NOUN issue-398 48 15 exchange exchange NOUN issue-398 48 16 in in ADP issue-398 48 17 order order NOUN issue-398 48 18 to to PART issue-398 48 19 ensure ensure VERB issue-398 48 20 favourable favourable ADJ issue-398 48 21 conditions condition NOUN issue-398 48 22 for for ADP issue-398 48 23 the the DET issue-398 48 24 secondary secondary ADJ issue-398 48 25 securities security NOUN issue-398 48 26 market market NOUN issue-398 48 27 . . PUNCT issue-398 49 1 – – PUNCT issue-398 49 2 the the DET issue-398 49 3 similarity similarity NOUN issue-398 49 4 of of ADP issue-398 49 5 the the DET issue-398 49 6 legal legal ADJ issue-398 49 7 environment environment NOUN issue-398 49 8 of of ADP issue-398 49 9 the the DET issue-398 49 10 national national ADJ issue-398 49 11 stock stock NOUN issue-398 49 12 market market NOUN issue-398 49 13 and and CCONJ issue-398 49 14 the the DET issue-398 49 15 foreign foreign ADJ issue-398 49 16 trading trading NOUN issue-398 49 17 platform platform NOUN issue-398 49 18 that that PRON issue-398 49 19 is be AUX issue-398 49 20 chosen choose VERB issue-398 49 21 for for ADP issue-398 49 22 ipo ipo NOUN issue-398 49 23 in in ADP issue-398 49 24 order order NOUN issue-398 49 25 to to PART issue-398 49 26 enhance enhance VERB issue-398 49 27 the the DET issue-398 49 28 issuer issuer NOUN issue-398 49 29 ’s ’s PART issue-398 49 30 image image NOUN issue-398 49 31 and and CCONJ issue-398 49 32 to to PART issue-398 49 33 attract attract VERB issue-398 49 34 capital capital NOUN issue-398 49 35 cross cross VERB issue-398 49 36 out out ADP issue-398 49 37 of of ADP issue-398 49 38 the the DET issue-398 49 39 national national ADJ issue-398 49 40 borders border NOUN issue-398 49 41 . . PUNCT issue-398 50 1 – – PUNCT issue-398 50 2 determination determination NOUN issue-398 50 3 of of ADP issue-398 50 4 the the DET issue-398 50 5 prestige prestige NOUN issue-398 50 6 of of ADP issue-398 50 7 the the DET issue-398 50 8 ipo ipo NOUN issue-398 50 9 on on ADP issue-398 50 10 a a DET issue-398 50 11 concrete concrete ADJ issue-398 50 12 stock stock NOUN issue-398 50 13 exchange exchange NOUN issue-398 50 14 . . PUNCT issue-398 51 1 – – PUNCT issue-398 51 2 the the DET issue-398 51 3 presence presence NOUN issue-398 51 4 of of ADP issue-398 51 5 “ " PUNCT issue-398 51 6 lock lock NOUN issue-398 51 7 - - PUNCT issue-398 51 8 up up ADP issue-398 51 9 ” " PUNCT issue-398 51 10 limits limit NOUN issue-398 51 11 , , PUNCT issue-398 51 12 which which PRON issue-398 51 13 are be AUX issue-398 51 14 a a DET issue-398 51 15 preventive preventive ADJ issue-398 51 16 tool tool NOUN issue-398 51 17 to to PART issue-398 51 18 protect protect VERB issue-398 51 19 the the DET issue-398 51 20 issue issue NOUN issue-398 51 21 price price NOUN issue-398 51 22 from from ADP issue-398 51 23 fluctuations fluctuation NOUN issue-398 51 24 and and CCONJ issue-398 51 25 sometimes sometimes ADV issue-398 51 26 are be AUX issue-398 51 27 an an DET issue-398 51 28 indispensable indispensable ADJ issue-398 51 29 condition condition NOUN issue-398 51 30 that that PRON issue-398 51 31 can can AUX issue-398 51 32 be be AUX issue-398 51 33 put put VERB issue-398 51 34 forward forward ADV issue-398 51 35 by by ADP issue-398 51 36 the the DET issue-398 51 37 underwriter underwriter NOUN issue-398 51 38 in in ADP issue-398 51 39 accordance accordance NOUN issue-398 51 40 with with ADP issue-398 51 41 the the DET issue-398 51 42 practice practice NOUN issue-398 51 43 of of ADP issue-398 51 44 security security NOUN issue-398 51 45 issue issue NOUN issue-398 51 46 on on ADP issue-398 51 47 a a DET issue-398 51 48 certain certain ADJ issue-398 51 49 stock stock NOUN issue-398 51 50 exchange exchange NOUN issue-398 51 51 . . PUNCT issue-398 52 1 – – PUNCT issue-398 52 2 compliance compliance NOUN issue-398 52 3 with with ADP issue-398 52 4 the the DET issue-398 52 5 principles principle NOUN issue-398 52 6 of of ADP issue-398 52 7 liberalization liberalization NOUN issue-398 52 8 and and CCONJ issue-398 52 9 the the DET issue-398 52 10 availability availability NOUN issue-398 52 11 of of ADP issue-398 52 12 the the DET issue-398 52 13 characteristics characteristic NOUN issue-398 52 14 of of ADP issue-398 52 15 an an DET issue-398 52 16 integrated integrate VERB issue-398 52 17 financial financial ADJ issue-398 52 18 market market NOUN issue-398 52 19 to to PART issue-398 52 20 overcome overcome VERB issue-398 52 21 regulatory regulatory ADJ issue-398 52 22 and and CCONJ issue-398 52 23 legal legal ADJ issue-398 52 24 restrictions restriction NOUN issue-398 52 25 for for ADP issue-398 52 26 foreign foreign ADJ issue-398 52 27 direct direct ADJ issue-398 52 28 market market NOUN issue-398 52 29 participants participant NOUN issue-398 52 30 . . PUNCT issue-398 53 1 – – PUNCT issue-398 53 2 features feature NOUN issue-398 53 3 of of ADP issue-398 53 4 trading trading NOUN issue-398 53 5 operations operation NOUN issue-398 53 6 on on ADP issue-398 53 7 the the DET issue-398 53 8 stock stock NOUN issue-398 53 9 exchange exchange NOUN issue-398 53 10 . . PUNCT issue-398 54 1 – – PUNCT issue-398 54 2 the the DET issue-398 54 3 period period NOUN issue-398 54 4 , , PUNCT issue-398 54 5 during during ADP issue-398 54 6 which which PRON issue-398 54 7 the the DET issue-398 54 8 company company NOUN issue-398 54 9 acquires acquire VERB issue-398 54 10 the the DET issue-398 54 11 status status NOUN issue-398 54 12 of of ADP issue-398 54 13 the the DET issue-398 54 14 public public NOUN issue-398 54 15 . . PUNCT issue-398 55 1 – – PUNCT issue-398 55 2 the the DET issue-398 55 3 cost cost NOUN issue-398 55 4 of of ADP issue-398 55 5 services service NOUN issue-398 55 6 of of ADP issue-398 55 7 professional professional ADJ issue-398 55 8 and and CCONJ issue-398 55 9 collateral collateral ADJ issue-398 55 10 participants participant NOUN issue-398 55 11 of of ADP issue-398 55 12 the the DET issue-398 55 13 stock stock NOUN issue-398 55 14 market market NOUN issue-398 55 15 . . PUNCT issue-398 56 1 stock stock NOUN issue-398 56 2 exchanges exchange NOUN issue-398 56 3 charge charge VERB issue-398 56 4 listing list VERB issue-398 56 5 fees fee NOUN issue-398 56 6 using use VERB issue-398 56 7 a a DET issue-398 56 8 variety variety NOUN issue-398 56 9 of of ADP issue-398 56 10 methods method NOUN issue-398 56 11 : : PUNCT issue-398 56 12 volume volume NOUN issue-398 56 13 of of ADP issue-398 56 14 shares share NOUN issue-398 56 15 offered offer VERB issue-398 56 16 , , PUNCT issue-398 56 17 value value NOUN issue-398 56 18 of of ADP issue-398 56 19 shares share NOUN issue-398 56 20 offered offer VERB issue-398 56 21 , , PUNCT issue-398 56 22 market market NOUN issue-398 56 23 capitalization capitalization NOUN issue-398 56 24 or or CCONJ issue-398 56 25 flat flat ADJ issue-398 56 26 fee fee NOUN issue-398 56 27 . . PUNCT issue-398 57 1 – – PUNCT issue-398 57 2 the the DET issue-398 57 3 need need NOUN issue-398 57 4 to to PART issue-398 57 5 present present VERB issue-398 57 6 the the DET issue-398 57 7 financial financial ADJ issue-398 57 8 statements statement NOUN issue-398 57 9 of of ADP issue-398 57 10 the the DET issue-398 57 11 issuer issuer NOUN issue-398 57 12 in in ADP issue-398 57 13 accordance accordance NOUN issue-398 57 14 with with ADP issue-398 57 15 the the DET issue-398 57 16 accounting accounting NOUN issue-398 57 17 standards standard NOUN issue-398 57 18 that that PRON issue-398 57 19 are be AUX issue-398 57 20 fixed fix VERB issue-398 57 21 in in ADP issue-398 57 22 the the DET issue-398 57 23 legal legal ADJ issue-398 57 24 environment environment NOUN issue-398 57 25 of of ADP issue-398 57 26 the the DET issue-398 57 27 functioning functioning NOUN issue-398 57 28 of of ADP issue-398 57 29 the the DET issue-398 57 30 stock stock NOUN issue-398 57 31 exchange exchange PROPN issue-398 57 32 ( ( PUNCT issue-398 57 33 ifrs ifrs PROPN issue-398 57 34 , , PUNCT issue-398 57 35 us us PROPN issue-398 57 36 gaap gaap PROPN issue-398 57 37 , , PUNCT issue-398 57 38 hkfrs hkfrs PROPN issue-398 57 39 , , PUNCT issue-398 57 40 prc prc PROPN issue-398 57 41 gaap gaap PROPN issue-398 57 42 ) ) PUNCT issue-398 57 43 . . PUNCT issue-398 58 1 – – PUNCT issue-398 58 2 the the DET issue-398 58 3 tax tax NOUN issue-398 58 4 burden burden NOUN issue-398 58 5 on on ADP issue-398 58 6 the the DET issue-398 58 7 issuer issuer NOUN issue-398 58 8 . . PUNCT issue-398 59 1 3 3 X issue-398 59 2 . . X issue-398 59 3 comparative comparative ADJ issue-398 59 4 analysis analysis NOUN issue-398 59 5 of of ADP issue-398 59 6 listing list VERB issue-398 59 7 standards standard NOUN issue-398 59 8 and and CCONJ issue-398 59 9 fees fee NOUN issue-398 59 10 estimation estimation NOUN issue-398 59 11 of of ADP issue-398 59 12 the the DET issue-398 59 13 company company NOUN issue-398 59 14 ’s ’s PART issue-398 59 15 potential potential ADJ issue-398 59 16 compliance compliance NOUN issue-398 59 17 with with ADP issue-398 59 18 the the DET issue-398 59 19 listing listing NOUN issue-398 59 20 criteria criterion NOUN issue-398 59 21 set set VERB issue-398 59 22 by by ADP issue-398 59 23 the the DET issue-398 59 24 stock stock NOUN issue-398 59 25 exchange exchange NOUN issue-398 59 26 is be AUX issue-398 59 27 one one NUM issue-398 59 28 of of ADP issue-398 59 29 the the DET issue-398 59 30 key key ADJ issue-398 59 31 factors factor NOUN issue-398 59 32 that that PRON issue-398 59 33 should should AUX issue-398 59 34 be be AUX issue-398 59 35 taken take VERB issue-398 59 36 into into ADP issue-398 59 37 account account NOUN issue-398 59 38 in in ADP issue-398 59 39 the the DET issue-398 59 40 process process NOUN issue-398 59 41 of of ADP issue-398 59 42 ipo ipo PROPN issue-398 59 43 ( ( PUNCT issue-398 59 44 table table NOUN issue-398 59 45 1 1 NUM issue-398 59 46 ) ) PUNCT issue-398 59 47 . . PUNCT issue-398 60 1 the the DET issue-398 60 2 table table NOUN issue-398 60 3 shows show VERB issue-398 60 4 the the DET issue-398 60 5 main main ADJ issue-398 60 6 requirements requirement NOUN issue-398 60 7 for for ADP issue-398 60 8 issuers issuer NOUN issue-398 60 9 within within ADP issue-398 60 10 the the DET issue-398 60 11 listing listing NOUN issue-398 60 12 procedure procedure NOUN issue-398 60 13 on on ADP issue-398 60 14 the the DET issue-398 60 15 main main ADJ issue-398 60 16 stock stock NOUN issue-398 60 17 exchanges exchange NOUN issue-398 60 18 that that PRON issue-398 60 19 were be AUX issue-398 60 20 the the DET issue-398 60 21 largest large ADJ issue-398 60 22 financial financial ADJ issue-398 60 23 centres centre NOUN issue-398 60 24 for for ADP issue-398 60 25 ipo ipo NOUN issue-398 60 26 in in ADP issue-398 60 27 the the DET issue-398 60 28 first first ADJ issue-398 60 29 three three NUM issue-398 60 30 quarters quarter NOUN issue-398 60 31 of of ADP issue-398 60 32 2017 2017 NUM issue-398 60 33 : : PUNCT issue-398 60 34 105 105 NUM issue-398 60 35 successful successful ADJ issue-398 60 36 placements placement NOUN issue-398 60 37 were be AUX issue-398 60 38 made make VERB issue-398 60 39 on on ADP issue-398 60 40 the the DET issue-398 60 41 hong hong PROPN issue-398 60 42 kong kong PROPN issue-398 60 43 legislative legislative ADJ issue-398 60 44 reforms reform NOUN issue-398 60 45 on on ADP issue-398 60 46 the the DET issue-398 60 47 development development NOUN issue-398 60 48 of of ADP issue-398 60 49 the the DET issue-398 60 50 ipo ipo NOUN issue-398 60 51 market market NOUN issue-398 60 52 in in ADP issue-398 60 53 ukraine ukraine NOUN issue-398 60 54 . . PUNCT issue-398 61 1 taking take VERB issue-398 61 2 into into ADP issue-398 61 3 account account NOUN issue-398 61 4 all all DET issue-398 61 5 the the DET issue-398 61 6 components component NOUN issue-398 61 7 of of ADP issue-398 61 8 the the DET issue-398 61 9 ipo ipo NOUN issue-398 61 10 market market NOUN issue-398 61 11 and and CCONJ issue-398 61 12 existing exist VERB issue-398 61 13 features feature NOUN issue-398 61 14 of of ADP issue-398 61 15 the the DET issue-398 61 16 ipo ipo NOUN issue-398 61 17 within within ADP issue-398 61 18 the the DET issue-398 61 19 framework framework NOUN issue-398 61 20 of of ADP issue-398 61 21 the the DET issue-398 61 22 national national ADJ issue-398 61 23 financial financial ADJ issue-398 61 24 market market NOUN issue-398 61 25 and and CCONJ issue-398 61 26 world world NOUN issue-398 61 27 stock stock NOUN issue-398 61 28 exchanges exchange NOUN issue-398 61 29 will will AUX issue-398 61 30 highlight highlight VERB issue-398 61 31 directions direction NOUN issue-398 61 32 of of ADP issue-398 61 33 the the DET issue-398 61 34 ipo ipo NOUN issue-398 61 35 market market NOUN issue-398 61 36 spread spread VERB issue-398 61 37 . . PUNCT issue-398 62 1 key key ADJ issue-398 62 2 words word NOUN issue-398 62 3 : : PUNCT issue-398 62 4 ipo ipo NOUN issue-398 62 5 , , PUNCT issue-398 62 6 emission emission NOUN issue-398 62 7 , , PUNCT issue-398 62 8 securities security NOUN issue-398 62 9 , , PUNCT issue-398 62 10 stock stock NOUN issue-398 62 11 exchange exchange NOUN issue-398 62 12 , , PUNCT issue-398 62 13 listing listing NOUN issue-398 62 14 , , PUNCT issue-398 62 15 innovation innovation NOUN issue-398 62 16 activity activity NOUN issue-398 62 17 . . PUNCT issue-398 63 1 jel jel PROPN issue-398 63 2 classification classification PROPN issue-398 63 3 : : PUNCT issue-398 63 4 g15 g15 PROPN issue-398 63 5 , , PUNCT issue-398 63 6 o16 o16 PROPN issue-398 63 7 baltic baltic PROPN issue-398 63 8 journal journal PROPN issue-398 63 9 of of ADP issue-398 63 10 economic economic ADJ issue-398 63 11 studies study NOUN issue-398 63 12 180 180 NUM issue-398 63 13 vol vol NOUN issue-398 63 14 . . PUNCT issue-398 64 1 4 4 NUM issue-398 64 2 , , PUNCT issue-398 64 3 no no INTJ issue-398 64 4 . . NOUN issue-398 64 5 2 2 NUM issue-398 64 6 , , PUNCT issue-398 64 7 2018 2018 NUM issue-398 64 8 stock stock NOUN issue-398 64 9 exchange exchange NOUN issue-398 64 10 and and CCONJ issue-398 64 11 gem gem NOUN issue-398 64 12 ( ( PUNCT issue-398 64 13 9.1 9.1 NUM issue-398 64 14 % % NOUN issue-398 64 15 of of ADP issue-398 64 16 global global ADJ issue-398 64 17 ipos ipos PROPN issue-398 64 18 ) ) PUNCT issue-398 64 19 , , PUNCT issue-398 64 20 the the DET issue-398 64 21 national national ADJ issue-398 64 22 stock stock PROPN issue-398 64 23 exchange exchange PROPN issue-398 64 24 of of ADP issue-398 64 25 australia australia PROPN issue-398 64 26 – – PUNCT issue-398 64 27 61 61 NUM issue-398 64 28 ( ( PUNCT issue-398 64 29 5.3 5.3 NUM issue-398 64 30 % % NOUN issue-398 64 31 ) ) PUNCT issue-398 64 32 , , PUNCT issue-398 64 33 the the DET issue-398 64 34 london london PROPN issue-398 64 35 stock stock NOUN issue-398 64 36 exchange exchange PROPN issue-398 64 37 – – PUNCT issue-398 64 38 50 50 NUM issue-398 64 39 ( ( PUNCT issue-398 64 40 4.3 4.3 NUM issue-398 64 41 % % NOUN issue-398 64 42 ) ) PUNCT issue-398 64 43 , , PUNCT issue-398 64 44 the the DET issue-398 64 45 new new PROPN issue-398 64 46 york york PROPN issue-398 64 47 stock stock PROPN issue-398 64 48 exchange exchange PROPN issue-398 64 49 – – PUNCT issue-398 64 50 52 52 NUM issue-398 64 51 ( ( PUNCT issue-398 64 52 4.5 4.5 NUM issue-398 64 53 % % NOUN issue-398 64 54 ) ) PUNCT issue-398 64 55 , , PUNCT issue-398 64 56 and and CCONJ issue-398 64 57 the the DET issue-398 64 58 nasdaq nasdaq NOUN issue-398 64 59 – – PUNCT issue-398 64 60 59 59 NUM issue-398 64 61 ( ( PUNCT issue-398 64 62 5.1 5.1 NUM issue-398 64 63 % % NOUN issue-398 64 64 ) ) PUNCT issue-398 64 65 . . PUNCT issue-398 65 1 asia asia PROPN issue-398 65 2 - - PUNCT issue-398 65 3 pacific pacific PROPN issue-398 65 4 exchanges exchange NOUN issue-398 65 5 continued continue VERB issue-398 65 6 to to PART issue-398 65 7 dominate dominate VERB issue-398 65 8 the the DET issue-398 65 9 global global ADJ issue-398 65 10 ipo ipo PROPN issue-398 65 11 markets market NOUN issue-398 65 12 in in ADP issue-398 65 13 q3 q3 PROPN issue-398 65 14 2017 2017 NUM issue-398 65 15 , , PUNCT issue-398 65 16 accounting account VERB issue-398 65 17 for for ADP issue-398 65 18 65 65 NUM issue-398 65 19 % % NOUN issue-398 65 20 of of ADP issue-398 65 21 ipos ipos NOUN issue-398 65 22 globally globally ADV issue-398 65 23 and and CCONJ issue-398 65 24 43 43 NUM issue-398 65 25 % % NOUN issue-398 65 26 of of ADP issue-398 65 27 global global ADJ issue-398 65 28 capital capital NOUN issue-398 65 29 raised raise VERB issue-398 65 30 . . PUNCT issue-398 66 1 ipo ipo NOUN issue-398 66 2 activity activity NOUN issue-398 66 3 of of ADP issue-398 66 4 the the DET issue-398 66 5 americas americas PROPN issue-398 66 6 region region NOUN issue-398 66 7 and and CCONJ issue-398 66 8 the the DET issue-398 66 9 region region NOUN issue-398 66 10 of of ADP issue-398 66 11 europe europe PROPN issue-398 66 12 , , PUNCT issue-398 66 13 middle middle PROPN issue-398 66 14 east east PROPN issue-398 66 15 , , PUNCT issue-398 66 16 india india PROPN issue-398 66 17 , , PUNCT issue-398 66 18 and and CCONJ issue-398 66 19 africa africa PROPN issue-398 66 20 ( ( PUNCT issue-398 66 21 emeia emeia NOUN issue-398 66 22 ) ) PUNCT issue-398 66 23 was be AUX issue-398 66 24 approximately approximately ADV issue-398 66 25 on on ADP issue-398 66 26 the the DET issue-398 66 27 same same ADJ issue-398 66 28 level level NOUN issue-398 66 29 according accord VERB issue-398 66 30 to to ADP issue-398 66 31 proceeds proceed NOUN issue-398 66 32     SPACE issue-398 66 33 – – PUNCT issue-398 66 34 28 28 NUM issue-398 66 35 % % NOUN issue-398 66 36 and and CCONJ issue-398 66 37 29 29 NUM issue-398 66 38 % % NOUN issue-398 66 39 ( ( PUNCT issue-398 66 40 global global ADJ issue-398 66 41 ipo ipo PROPN issue-398 66 42 trends trend NOUN issue-398 66 43 q3 q3 PROPN issue-398 66 44 , , PUNCT issue-398 66 45 2017 2017 NUM issue-398 66 46 ) ) PUNCT issue-398 66 47 . . PUNCT issue-398 67 1 as as ADP issue-398 67 2 a a DET issue-398 67 3 rule rule NOUN issue-398 67 4 , , PUNCT issue-398 67 5 the the DET issue-398 67 6 higher high ADJ issue-398 67 7 listing listing NOUN issue-398 67 8 criteria criterion NOUN issue-398 67 9 for for ADP issue-398 67 10 the the DET issue-398 67 11 issuer issuer NOUN issue-398 67 12 ’s ’s PART issue-398 67 13 company company NOUN issue-398 67 14 mean mean VERB issue-398 67 15 the the DET issue-398 67 16 longest long ADJ issue-398 67 17 period period NOUN issue-398 67 18 , , PUNCT issue-398 67 19 during during ADP issue-398 67 20 which which PRON issue-398 67 21 the the DET issue-398 67 22 company company NOUN issue-398 67 23 is be AUX issue-398 67 24 transforming transform VERB issue-398 67 25 into into ADP issue-398 67 26 a a DET issue-398 67 27 public public ADJ issue-398 67 28 one one NUM issue-398 67 29 : : PUNCT issue-398 67 30 12 12 NUM issue-398 67 31 - - SYM issue-398 67 32 24 24 NUM issue-398 67 33     SPACE issue-398 67 34 months month NOUN issue-398 67 35 for for ADP issue-398 67 36 an an DET issue-398 67 37 ipo ipo NOUN issue-398 67 38 in in ADP issue-398 67 39 the the DET issue-398 67 40 americas americas PROPN issue-398 67 41 region region NOUN issue-398 67 42 , , PUNCT issue-398 67 43 an an DET issue-398 67 44 average average NOUN issue-398 67 45 of of ADP issue-398 67 46 12 12 NUM issue-398 67 47 months month NOUN issue-398 67 48 for for ADP issue-398 67 49 ipo ipo NOUN issue-398 67 50 in in ADP issue-398 67 51 the the DET issue-398 67 52 emeia emeia NOUN issue-398 67 53 region region NOUN issue-398 67 54 , , PUNCT issue-398 67 55 asia asia PROPN issue-398 67 56 - - PUNCT issue-398 67 57 pacific pacific PROPN issue-398 67 58 region region NOUN issue-398 67 59 – – PUNCT issue-398 67 60 6 6 NUM issue-398 67 61 - - SYM issue-398 67 62 12 12 NUM issue-398 67 63 months month NOUN issue-398 67 64 . . PUNCT issue-398 68 1 the the DET issue-398 68 2 mentioned mention VERB issue-398 68 3 ipo ipo NOUN issue-398 68 4 timelines timeline NOUN issue-398 68 5 should should AUX issue-398 68 6 be be AUX issue-398 68 7 considered consider VERB issue-398 68 8 for for ADP issue-398 68 9 informational informational ADJ issue-398 68 10 and and CCONJ issue-398 68 11 comparative comparative ADJ issue-398 68 12 purposes purpose NOUN issue-398 68 13 only only ADV issue-398 68 14 . . PUNCT issue-398 69 1 the the DET issue-398 69 2 actual actual ADJ issue-398 69 3 ipo ipo NOUN issue-398 69 4 process process NOUN issue-398 69 5 and and CCONJ issue-398 69 6 timeline timeline NOUN issue-398 69 7 can can AUX issue-398 69 8 vary vary VERB issue-398 69 9 with with ADP issue-398 69 10 the the DET issue-398 69 11 specific specific ADJ issue-398 69 12 circumstances circumstance NOUN issue-398 69 13 of of ADP issue-398 69 14 an an DET issue-398 69 15 individual individual ADJ issue-398 69 16 company company NOUN issue-398 69 17 . . PUNCT issue-398 70 1 comparing compare VERB issue-398 70 2 the the DET issue-398 70 3 listing listing NOUN issue-398 70 4 requirements requirement NOUN issue-398 70 5 of of ADP issue-398 70 6 international international ADJ issue-398 70 7 stock stock NOUN issue-398 70 8 exchanges exchange NOUN issue-398 70 9 with with ADP issue-398 70 10 the the DET issue-398 70 11 ukrainian ukrainian ADJ issue-398 70 12 stock stock NOUN issue-398 70 13 market market NOUN issue-398 70 14 practice practice NOUN issue-398 70 15 , , PUNCT issue-398 70 16 we we PRON issue-398 70 17 should should AUX issue-398 70 18 note note VERB issue-398 70 19 positive positive ADJ issue-398 70 20 changes change NOUN issue-398 70 21 towards towards ADP issue-398 70 22 the the DET issue-398 70 23 transformation transformation NOUN issue-398 70 24 of of ADP issue-398 70 25 domestic domestic ADJ issue-398 70 26 legislation legislation NOUN issue-398 70 27 in in ADP issue-398 70 28 accordance accordance NOUN issue-398 70 29 with with ADP issue-398 70 30 the the DET issue-398 70 31 world world NOUN issue-398 70 32 realities reality NOUN issue-398 70 33 of of ADP issue-398 70 34 doing do VERB issue-398 70 35 business business NOUN issue-398 70 36 and and CCONJ issue-398 70 37 compliance compliance NOUN issue-398 70 38 with with ADP issue-398 70 39 the the DET issue-398 70 40 principles principle NOUN issue-398 70 41 introduced introduce VERB issue-398 70 42 by by ADP issue-398 70 43 iosco iosco NOUN issue-398 70 44 . . PUNCT issue-398 71 1 in in ADP issue-398 71 2 particular particular ADJ issue-398 71 3 , , PUNCT issue-398 71 4 it it PRON issue-398 71 5 concerns concern VERB issue-398 71 6 bill bill NOUN issue-398 71 7 no no INTJ issue-398 71 8 . . PUNCT issue-398 72 1 5592 5592 NUM issue-398 72 2 - - SYM issue-398 72 3 d d NOUN issue-398 72 4 of of ADP issue-398 72 5 03.10.2017 03.10.2017 PRON issue-398 72 6 on on ADP issue-398 72 7 simplifying simplify VERB issue-398 72 8 doing do VERB issue-398 72 9 business business NOUN issue-398 72 10 and and CCONJ issue-398 72 11 attracting attract VERB issue-398 72 12 investments investment NOUN issue-398 72 13 by by ADP issue-398 72 14 securities security NOUN issue-398 72 15 issuers issuer NOUN issue-398 72 16 . . PUNCT issue-398 73 1 this this DET issue-398 73 2 law law NOUN issue-398 73 3 should should AUX issue-398 73 4 become become VERB issue-398 73 5 an an DET issue-398 73 6 innovation innovation NOUN issue-398 73 7 of of ADP issue-398 73 8 the the DET issue-398 73 9 national national ADJ issue-398 73 10 commission commission PROPN issue-398 73 11 on on ADP issue-398 73 12 securities security NOUN issue-398 73 13 and and CCONJ issue-398 73 14 stock stock NOUN issue-398 73 15 that that PRON issue-398 73 16 will will AUX issue-398 73 17 introduce introduce VERB issue-398 73 18 compulsory compulsory ADJ issue-398 73 19 passing passing NOUN issue-398 73 20 of of ADP issue-398 73 21 listing list VERB issue-398 73 22 procedure procedure NOUN issue-398 73 23 by by ADP issue-398 73 24 public public ADJ issue-398 73 25 corporations corporation NOUN issue-398 73 26 . . PUNCT issue-398 74 1 as as ADP issue-398 74 2 a a DET issue-398 74 3 result result NOUN issue-398 74 4 , , PUNCT issue-398 74 5 the the DET issue-398 74 6 market market NOUN issue-398 74 7 will will AUX issue-398 74 8 obtain obtain VERB issue-398 74 9 the the DET issue-398 74 10 higher high ADJ issue-398 74 11 quality quality NOUN issue-398 74 12 of of ADP issue-398 74 13 securities security NOUN issue-398 74 14 of of ADP issue-398 74 15 the the DET issue-398 74 16 ukrainian ukrainian ADJ issue-398 74 17 stock stock NOUN issue-398 74 18 exchanges exchange NOUN issue-398 74 19 , , PUNCT issue-398 74 20 the the DET issue-398 74 21 transparency transparency NOUN issue-398 74 22 of of ADP issue-398 74 23 operations operation NOUN issue-398 74 24 and and CCONJ issue-398 74 25 be be AUX issue-398 74 26 the the DET issue-398 74 27 basis basis NOUN issue-398 74 28 for for ADP issue-398 74 29 the the DET issue-398 74 30 inflow inflow NOUN issue-398 74 31 of of ADP issue-398 74 32 new new ADJ issue-398 74 33 investments investment NOUN issue-398 74 34 . . PUNCT issue-398 75 1 this this DET issue-398 75 2 reform reform NOUN issue-398 75 3 will will AUX issue-398 75 4 increase increase VERB issue-398 75 5 the the DET issue-398 75 6 productivity productivity NOUN issue-398 75 7 of of ADP issue-398 75 8 postprivatization postprivatization NOUN issue-398 75 9 development development NOUN issue-398 75 10 of of ADP issue-398 75 11 companies company NOUN issue-398 75 12 in in ADP issue-398 75 13 the the DET issue-398 75 14 financial financial ADJ issue-398 75 15 market market NOUN issue-398 75 16 of of ADP issue-398 75 17 ukraine ukraine NOUN issue-398 75 18 . . PUNCT issue-398 76 1 the the DET issue-398 76 2 maximum maximum ADJ issue-398 76 3 approximation approximation NOUN issue-398 76 4 of of ADP issue-398 76 5 the the DET issue-398 76 6 second second ADJ issue-398 76 7 level level NOUN issue-398 76 8 listing listing NOUN issue-398 76 9 requirements requirement NOUN issue-398 76 10 of of ADP issue-398 76 11 ukrainian ukrainian ADJ issue-398 76 12 companies company NOUN issue-398 76 13 to to ADP issue-398 76 14 the the DET issue-398 76 15 modern modern ADJ issue-398 76 16 practice practice NOUN issue-398 76 17 of of ADP issue-398 76 18 stock stock NOUN issue-398 76 19 exchanges exchange NOUN issue-398 76 20 in in ADP issue-398 76 21 the the DET issue-398 76 22 emeia emeia NOUN issue-398 76 23 region region NOUN issue-398 76 24 is be AUX issue-398 76 25 proved prove VERB issue-398 76 26 by by ADP issue-398 76 27 comparing compare VERB issue-398 76 28 such such ADJ issue-398 76 29 stock stock NOUN issue-398 76 30 market market NOUN issue-398 76 31 listing listing NOUN issue-398 76 32 standards standard NOUN issue-398 76 33 as as ADP issue-398 76 34 the the DET issue-398 76 35 timeline timeline NOUN issue-398 76 36 of of ADP issue-398 76 37 going go VERB issue-398 76 38 public public ADJ issue-398 76 39 ( ( PUNCT issue-398 76 40 3 3 NUM issue-398 76 41 years year NOUN issue-398 76 42 ) ) PUNCT issue-398 76 43 , , PUNCT issue-398 76 44 freefloat freefloat NOUN issue-398 76 45 level level NOUN issue-398 76 46 ( ( PUNCT issue-398 76 47 10 10 NUM issue-398 76 48 - - SYM issue-398 76 49 25 25 NUM issue-398 76 50 % % NOUN issue-398 76 51 ) ) PUNCT issue-398 76 52 . . PUNCT issue-398 77 1 4 4 X issue-398 77 2 . . X issue-398 77 3 problematic problematic ADJ issue-398 77 4 aspects aspect NOUN issue-398 77 5 and and CCONJ issue-398 77 6 directions direction NOUN issue-398 77 7 for for ADP issue-398 77 8 improving improve VERB issue-398 77 9 ipo ipo NOUN issue-398 77 10 market market NOUN issue-398 77 11 an an DET issue-398 77 12 interest interest NOUN issue-398 77 13 to to ADP issue-398 77 14 the the DET issue-398 77 15 ipo ipo NOUN issue-398 77 16 of of ADP issue-398 77 17 shares share NOUN issue-398 77 18 and and CCONJ issue-398 77 19 eurobonds eurobond NOUN issue-398 77 20 as as ADP issue-398 77 21 sources source NOUN issue-398 77 22 of of ADP issue-398 77 23 attracting attract VERB issue-398 77 24 capital capital NOUN issue-398 77 25 is be AUX issue-398 77 26 gradually gradually ADV issue-398 77 27 growing grow VERB issue-398 77 28 after after ADP issue-398 77 29 the the DET issue-398 77 30 crisis crisis NOUN issue-398 77 31 of of ADP issue-398 77 32 2013–2014 2013–2014 NUM issue-398 77 33 that that PRON issue-398 77 34 is be AUX issue-398 77 35 characterized characterize VERB issue-398 77 36 by by ADP issue-398 77 37 the the DET issue-398 77 38 absence absence NOUN issue-398 77 39 of of ADP issue-398 77 40 initial initial ADJ issue-398 77 41 public public ADJ issue-398 77 42 offerings offering NOUN issue-398 77 43 of of ADP issue-398 77 44 shares share NOUN issue-398 77 45 of of ADP issue-398 77 46 the the DET issue-398 77 47 ukrainian ukrainian ADJ issue-398 77 48 corporate corporate ADJ issue-398 77 49 sector sector NOUN issue-398 77 50 on on ADP issue-398 77 51 national national ADJ issue-398 77 52 and and CCONJ issue-398 77 53 international international ADJ issue-398 77 54 stock stock NOUN issue-398 77 55 exchanges exchange NOUN issue-398 77 56 . . PUNCT issue-398 78 1 the the DET issue-398 78 2 factors factor NOUN issue-398 78 3 that that PRON issue-398 78 4 hinder hinder VERB issue-398 78 5 the the DET issue-398 78 6 development development NOUN issue-398 78 7 of of ADP issue-398 78 8 the the DET issue-398 78 9 ipo ipo NOUN issue-398 78 10 market market NOUN issue-398 78 11 by by ADP issue-398 78 12 the the DET issue-398 78 13 ukrainian ukrainian ADJ issue-398 78 14 corporate corporate ADJ issue-398 78 15 sector sector NOUN issue-398 78 16 are be AUX issue-398 78 17 systematized systematize VERB issue-398 78 18 in in ADP issue-398 78 19 the the DET issue-398 78 20 pwc pwc PROPN issue-398 78 21 study study NOUN issue-398 78 22 . . PUNCT issue-398 79 1 table table NOUN issue-398 79 2 1 1 NUM issue-398 79 3 comparing compare VERB issue-398 79 4 stock stock NOUN issue-398 79 5 market market NOUN issue-398 79 6 listing listing NOUN issue-398 79 7 standards standard NOUN issue-398 79 8 and and CCONJ issue-398 79 9 fees fee NOUN issue-398 79 10 : : PUNCT issue-398 79 11 a a DET issue-398 79 12 regional regional ADJ issue-398 79 13 aspect aspect NOUN issue-398 79 14 of of ADP issue-398 79 15 ipo ipo PROPN issue-398 79 16 ( ( PUNCT issue-398 79 17 created create VERB issue-398 79 18 by by ADP issue-398 79 19 the the DET issue-398 79 20 authors author NOUN issue-398 79 21 considering consider VERB issue-398 79 22 ( ( PUNCT issue-398 79 23 ey ey X issue-398 79 24 global global ADJ issue-398 79 25 , , PUNCT issue-398 79 26 2012 2012 NUM issue-398 79 27 ) ) PUNCT issue-398 79 28 exchange exchange NOUN issue-398 79 29 listing list VERB issue-398 79 30 standards standard NOUN issue-398 79 31 americas americas PROPN issue-398 79 32 region region PROPN issue-398 79 33 emeia emeia PROPN issue-398 79 34 region region PROPN issue-398 79 35 asia asia PROPN issue-398 79 36 - - PUNCT issue-398 79 37 pacific pacific PROPN issue-398 79 38 region region NOUN issue-398 79 39 new new PROPN issue-398 79 40 - - PUNCT issue-398 79 41 york york PROPN issue-398 79 42 ( ( PUNCT issue-398 79 43 nyse nyse PROPN issue-398 79 44 ) ) PUNCT issue-398 79 45 nasdaq nasdaq PROPN issue-398 79 46 ( ( PUNCT issue-398 79 47 global global ADJ issue-398 79 48 select select ADJ issue-398 79 49 market market NOUN issue-398 79 50 ) ) PUNCT issue-398 79 51 london london PROPN issue-398 79 52 stock stock NOUN issue-398 79 53 exchange exchange PROPN issue-398 79 54 ( ( PUNCT issue-398 79 55 main main ADJ issue-398 79 56 market market NOUN issue-398 79 57 ) ) PUNCT issue-398 79 58 warsaw warsaw PROPN issue-398 79 59 stock stock PROPN issue-398 79 60 exchange exchange PROPN issue-398 79 61 hong hong PROPN issue-398 79 62 kong kong PROPN issue-398 79 63 stock stock PROPN issue-398 79 64 exchange exchange PROPN issue-398 79 65 national national PROPN issue-398 79 66 stock stock PROPN issue-398 79 67 exchange exchange PROPN issue-398 79 68 of of ADP issue-398 79 69 australia australia PROPN issue-398 79 70 time time NOUN issue-398 79 71 line line NOUN issue-398 79 72 of of ADP issue-398 79 73 going go VERB issue-398 79 74 public public ADJ issue-398 79 75 3 3 NUM issue-398 79 76 years year NOUN issue-398 79 77 2 2 NUM issue-398 79 78 years year NOUN issue-398 79 79 3 3 NUM issue-398 79 80 years year NOUN issue-398 79 81 3 3 NUM issue-398 79 82 years year NOUN issue-398 79 83 3 3 NUM issue-398 79 84 years year NOUN issue-398 79 85 2 2 NUM issue-398 79 86 years year NOUN issue-398 79 87 income income NOUN issue-398 79 88 , , PUNCT issue-398 79 89 revenue revenue NOUN issue-398 79 90 and and CCONJ issue-398 79 91 profits profit NOUN issue-398 79 92 revenues revenue NOUN issue-398 79 93 ( ( PUNCT issue-398 79 94 most most ADV issue-398 79 95 recent recent ADJ issue-398 79 96 fiscal fiscal ADJ issue-398 79 97 year year NOUN issue-398 79 98 ) ) PUNCT issue-398 79 99 us we PRON issue-398 79 100 $ $ SYM issue-398 79 101 75 75 NUM issue-398 79 102 million million NUM issue-398 79 103 revenue revenue NOUN issue-398 79 104 > > PUNCT issue-398 79 105 = = SYM issue-398 79 106 us us PROPN issue-398 79 107 $ $ SYM issue-398 79 108 110 110 NUM issue-398 79 109 million million NUM issue-398 79 110 ( ( PUNCT issue-398 79 111 previous previous ADJ issue-398 79 112 fiscal fiscal ADJ issue-398 79 113 year year NOUN issue-398 79 114 ) ) PUNCT issue-398 79 115 aggregate aggregate ADJ issue-398 79 116 profit profit NOUN issue-398 79 117 of of ADP issue-398 79 118 at at ADP issue-398 79 119 least least ADJ issue-398 79 120 hk hk PROPN issue-398 79 121 $ $ SYM issue-398 79 122 50 50 NUM issue-398 79 123 million million NUM issue-398 79 124 in in ADP issue-398 79 125 the the DET issue-398 79 126 last last ADJ issue-398 79 127 three three NUM issue-398 79 128 financial financial ADJ issue-398 79 129 years year NOUN issue-398 79 130 positive positive ADJ issue-398 79 131 financial financial ADJ issue-398 79 132 result result NOUN issue-398 79 133 in in ADP issue-398 79 134 the the DET issue-398 79 135 last last ADJ issue-398 79 136 two two NUM issue-398 79 137 financial financial ADJ issue-398 79 138 years year NOUN issue-398 79 139 market market NOUN issue-398 79 140 capitalization capitalization NOUN issue-398 79 141 revenues revenue NOUN issue-398 79 142 ( ( PUNCT issue-398 79 143 most most ADV issue-398 79 144 recent recent ADJ issue-398 79 145 fiscal fiscal ADJ issue-398 79 146 year year NOUN issue-398 79 147 ) ) PUNCT issue-398 79 148 us we PRON issue-398 79 149 $ $ SYM issue-398 79 150 75 75 NUM issue-398 79 151 million million NUM issue-398 79 152 revenue revenue NOUN issue-398 79 153 > > PUNCT issue-398 79 154 = = SYM issue-398 79 155 us us PROPN issue-398 79 156 $ $ SYM issue-398 79 157 110 110 NUM issue-398 79 158 million million NUM issue-398 79 159 ( ( PUNCT issue-398 79 160 previous previous ADJ issue-398 79 161 fiscal fiscal ADJ issue-398 79 162 year year NOUN issue-398 79 163 ) ) PUNCT issue-398 79 164 us$1.2 us$1.2 NOUN issue-398 79 165 million million NUM issue-398 79 166 ( ( PUNCT issue-398 79 167 gbp700,000 gbp700,000 ADJ issue-398 79 168 ) ) PUNCT issue-398 79 169 us$10 us$10 NOUN issue-398 79 170 million million NUM issue-398 79 171 us$25 us$25 NOUN issue-398 79 172 million million NUM issue-398 79 173 aud aud NOUN issue-398 79 174 $ $ SYM issue-398 79 175 0.5 0.5 NUM issue-398 79 176 million million NUM issue-398 79 177 number number NOUN issue-398 79 178 of of ADP issue-398 79 179 float float ADJ issue-398 79 180 shares share NOUN issue-398 79 181 5,000 5,000 NUM issue-398 79 182 shareholders shareholder NOUN issue-398 79 183 for for ADP issue-398 79 184 foreign foreign ADJ issue-398 79 185 issuers issuer NOUN issue-398 79 186 1.25 1.25 NUM issue-398 79 187 million million NUM issue-398 79 188 shares share NOUN issue-398 79 189 25 25 NUM issue-398 79 190 % % NOUN issue-398 79 191 5 5 NUM issue-398 79 192 - - SYM issue-398 79 193 10 10 NUM issue-398 79 194 % % NOUN issue-398 79 195 25 25 NUM issue-398 79 196 % % NOUN issue-398 79 197 25 25 NUM issue-398 79 198 % % NOUN issue-398 79 199 equity equity NOUN issue-398 79 200 market market NOUN issue-398 79 201 listing list VERB issue-398 79 202 fees fee NOUN issue-398 79 203 us we PRON issue-398 79 204 $ $ SYM issue-398 79 205 per per ADP issue-398 79 206 share share NOUN issue-398 79 207 : : PUNCT issue-398 79 208 0.001 0.001 NUM issue-398 79 209 - - SYM issue-398 79 210 0.005 0.005 NUM issue-398 79 211 us us PROPN issue-398 79 212 $ $ SYM issue-398 79 213 125,000 125,000 NUM issue-398 79 214 - - SYM issue-398 79 215 225,000 225,000 NUM issue-398 79 216 gbp gbp NOUN issue-398 79 217 6,389369,689 6,389369,689 PROPN issue-398 79 218 pln pln NOUN issue-398 79 219 8,000 8,000 NUM issue-398 79 220 -96,000 -96,000 PUNCT issue-398 79 221 from from ADP issue-398 79 222 hk$ hk$ SYM issue-398 79 223 150,000 150,000 NUM issue-398 79 224 to to PART issue-398 79 225 hk$ hk$ SYM issue-398 79 226 650,000 650,000 NUM issue-398 79 227 us us PROPN issue-398 79 228 $ $ SYM issue-398 79 229 0.08 0.08 NUM issue-398 79 230 per per ADP issue-398 79 231 share share NOUN issue-398 79 232 annual annual ADJ issue-398 79 233 exchange exchange NOUN issue-398 79 234 fees fee VERB issue-398 79 235 us we PRON issue-398 79 236 $ $ SYM issue-398 79 237 0.001 0.001 NUM issue-398 79 238 per per ADP issue-398 79 239 share share NOUN issue-398 79 240 , , PUNCT issue-398 79 241 minimum minimum VERB issue-398 79 242 us we PRON issue-398 79 243 $ $ SYM issue-398 79 244 38,000 38,000 NUM issue-398 79 245 us us PROPN issue-398 79 246 $ $ SYM issue-398 79 247 35,000 35,000 NUM issue-398 79 248 - - SYM issue-398 79 249 99,500 99,500 NUM issue-398 79 250 gbp gbp NOUN issue-398 79 251 4,200 4,200 NUM issue-398 79 252 41,400 41,400 NUM issue-398 79 253 pln pln PROPN issue-398 79 254 9,000 9,000 NUM issue-398 79 255 - - PUNCT issue-398 79 256 pln pln NOUN issue-398 79 257 70,000 70,000 NUM issue-398 79 258 from from ADP issue-398 79 259 hk hk PROPN issue-398 79 260 $ $ SYM issue-398 79 261 145,000 145,000 NUM issue-398 79 262 to to ADP issue-398 79 263 hk hk PROPN issue-398 79 264 $ $ SYM issue-398 79 265 1,188,000 1,188,000 NUM issue-398 79 266 from from ADP issue-398 79 267 us we PRON issue-398 79 268 $ $ SYM issue-398 79 269 8,000 8,000 NUM issue-398 79 270 baltic baltic ADJ issue-398 79 271 journal journal NOUN issue-398 79 272 of of ADP issue-398 79 273 economic economic ADJ issue-398 79 274 studies study NOUN issue-398 79 275 181 181 NUM issue-398 79 276 vol vol NOUN issue-398 79 277 . . PROPN issue-398 80 1 4 4 NUM issue-398 80 2 , , PUNCT issue-398 80 3 no no INTJ issue-398 80 4 . . NOUN issue-398 80 5 2 2 NUM issue-398 80 6 , , PUNCT issue-398 80 7 2018 2018 NUM issue-398 80 8 the the DET issue-398 80 9 results result NOUN issue-398 80 10 of of ADP issue-398 80 11 the the DET issue-398 80 12 investigation investigation NOUN issue-398 80 13 can can AUX issue-398 80 14 be be AUX issue-398 80 15 schematically schematically NOUN issue-398 80 16 represented represent VERB issue-398 80 17 ( ( PUNCT issue-398 80 18 fig fig NOUN issue-398 80 19 . . NOUN issue-398 81 1 1 1 NUM issue-398 81 2 ) ) PUNCT issue-398 81 3 ( ( PUNCT issue-398 81 4 pwc pwc PROPN issue-398 81 5 . . PUNCT issue-398 82 1 capital capital NOUN issue-398 82 2 markets market NOUN issue-398 82 3 in in ADP issue-398 82 4 2025 2025 NUM issue-398 82 5 : : PUNCT issue-398 82 6 future future NOUN issue-398 82 7 of of ADP issue-398 82 8 financial financial ADJ issue-398 82 9 markets market NOUN issue-398 82 10 , , PUNCT issue-398 82 11 2011 2011 NUM issue-398 82 12 ) ) PUNCT issue-398 82 13 . . PUNCT issue-398 83 1 it it PRON issue-398 83 2 is be AUX issue-398 83 3 advisable advisable ADJ issue-398 83 4 to to PART issue-398 83 5 solve solve VERB issue-398 83 6 indicated indicate VERB issue-398 83 7 problems problem NOUN issue-398 83 8 with with ADP issue-398 83 9 the the DET issue-398 83 10 participation participation NOUN issue-398 83 11 of of ADP issue-398 83 12 regulatory regulatory ADJ issue-398 83 13 agencies agency NOUN issue-398 83 14 , , PUNCT issue-398 83 15 self self NOUN issue-398 83 16 - - PUNCT issue-398 83 17 regulating regulate VERB issue-398 83 18 organizations organization NOUN issue-398 83 19 , , PUNCT issue-398 83 20 and and CCONJ issue-398 83 21 all all DET issue-398 83 22 interested interested ADJ issue-398 83 23 participants participant NOUN issue-398 83 24 of of ADP issue-398 83 25 the the DET issue-398 83 26 stock stock NOUN issue-398 83 27 market market NOUN issue-398 83 28 in in ADP issue-398 83 29 accordance accordance NOUN issue-398 83 30 with with ADP issue-398 83 31 the the DET issue-398 83 32 successful successful ADJ issue-398 83 33 passage passage NOUN issue-398 83 34 of of ADP issue-398 83 35 the the DET issue-398 83 36 ipo ipo NOUN issue-398 83 37 stages stage NOUN issue-398 83 38 ( ( PUNCT issue-398 83 39 fig fig NOUN issue-398 83 40 . . NOUN issue-398 84 1 2 2 NUM issue-398 84 2 ) ) PUNCT issue-398 84 3 ( ( PUNCT issue-398 84 4 created create VERB issue-398 84 5 by by ADP issue-398 84 6 the the DET issue-398 84 7 authors author NOUN issue-398 84 8 ) ) PUNCT issue-398 84 9 . . PUNCT issue-398 85 1 the the DET issue-398 85 2 existing exist VERB issue-398 85 3 culture culture NOUN issue-398 85 4 of of ADP issue-398 85 5 corporate corporate ADJ issue-398 85 6 governance governance NOUN issue-398 85 7 , , PUNCT issue-398 85 8 the the DET issue-398 85 9 high high ADJ issue-398 85 10 level level NOUN issue-398 85 11 of of ADP issue-398 85 12 information information NOUN issue-398 85 13 protection protection NOUN issue-398 85 14 on on ADP issue-398 85 15 domestic domestic ADJ issue-398 85 16 enterprises enterprise NOUN issue-398 85 17 in in ADP issue-398 85 18 the the DET issue-398 85 19 issues issue NOUN issue-398 85 20 of of ADP issue-398 85 21 financial financial ADJ issue-398 85 22 disclosure disclosure NOUN issue-398 85 23 and and CCONJ issue-398 85 24 an an DET issue-398 85 25 inefficient inefficient ADJ issue-398 85 26 tax tax NOUN issue-398 85 27 system system NOUN issue-398 85 28 are be AUX issue-398 85 29 complementary complementary ADJ issue-398 85 30 to to ADP issue-398 85 31 the the DET issue-398 85 32 above above ADJ issue-398 85 33 factors factor NOUN issue-398 85 34 . . PUNCT issue-398 86 1 fig fig NOUN issue-398 86 2 . . PUNCT issue-398 87 1 1 1 X issue-398 87 2 . . PUNCT issue-398 88 1 the the DET issue-398 88 2 results result NOUN issue-398 88 3 of of ADP issue-398 88 4 a a DET issue-398 88 5 survey survey NOUN issue-398 88 6 of of ADP issue-398 88 7 corporate corporate ADJ issue-398 88 8 sector sector NOUN issue-398 88 9 respondents respondent NOUN issue-398 88 10 about about ADP issue-398 88 11 the the DET issue-398 88 12 factors factor NOUN issue-398 88 13 that that PRON issue-398 88 14 hinder hinder VERB issue-398 88 15 the the DET issue-398 88 16 development development NOUN issue-398 88 17 of of ADP issue-398 88 18 the the DET issue-398 88 19 ipo ipo NOUN issue-398 88 20 market market NOUN issue-398 88 21 on on ADP issue-398 88 22 stock stock NOUN issue-398 88 23 exchanges exchange NOUN issue-398 88 24 of of ADP issue-398 88 25 developing develop VERB issue-398 88 26 countries country NOUN issue-398 88 27 fig fig NOUN issue-398 88 28 . . PUNCT issue-398 89 1 2 2 X issue-398 89 2 . . X issue-398 89 3 problem problem NOUN issue-398 89 4 aspects aspect NOUN issue-398 89 5 and and CCONJ issue-398 89 6 directions direction NOUN issue-398 89 7 for for ADP issue-398 89 8 improving improve VERB issue-398 89 9 the the DET issue-398 89 10 process process NOUN issue-398 89 11 of of ADP issue-398 89 12 passing pass VERB issue-398 89 13 through through ADP issue-398 89 14 the the DET issue-398 89 15 ipo ipo NOUN issue-398 89 16 stages stage VERB issue-398 89 17 32 32 NUM issue-398 89 18 % % NOUN issue-398 89 19 29 29 NUM issue-398 89 20 % % NOUN issue-398 89 21 13 13 NUM issue-398 89 22 % % NOUN issue-398 89 23 7 7 NUM issue-398 89 24 % % NOUN issue-398 89 25 4 4 NUM issue-398 89 26 % % NOUN issue-398 89 27 15 15 NUM issue-398 89 28 % % NOUN issue-398 89 29 0 0 NUM issue-398 89 30 % % NOUN issue-398 89 31 10 10 NUM issue-398 89 32 % % NOUN issue-398 89 33 20 20 NUM issue-398 89 34 % % NOUN issue-398 89 35 30 30 NUM issue-398 89 36 % % NOUN issue-398 89 37 40 40 NUM issue-398 89 38 % % NOUN issue-398 89 39 regulatory regulatory ADJ issue-398 89 40 framework framework NOUN issue-398 89 41 political political ADJ issue-398 89 42 uncertainty uncertainty NOUN issue-398 89 43 low low ADJ issue-398 89 44 economic economic ADJ issue-398 89 45 growth growth NOUN issue-398 89 46 rates rate NOUN issue-398 89 47 investment investment NOUN issue-398 89 48 risks risk NOUN issue-398 89 49 rising rise VERB issue-398 89 50 inflation inflation NOUN issue-398 89 51 pessimistic pessimistic ADJ issue-398 89 52 expectations expectation NOUN issue-398 89 53 of of ADP issue-398 89 54 market market NOUN issue-398 89 55 participants participant NOUN issue-398 89 56 share share VERB issue-398 89 57 in in ADP issue-398 89 58 the the DET issue-398 89 59 structure structure NOUN issue-398 89 60 of of ADP issue-398 89 61 the the DET issue-398 89 62 answers answer NOUN issue-398 89 63 baltic baltic PROPN issue-398 89 64 journal journal PROPN issue-398 89 65 of of ADP issue-398 89 66 economic economic ADJ issue-398 89 67 studies study NOUN issue-398 89 68 182 182 NUM issue-398 89 69 vol vol NOUN issue-398 89 70 . . PROPN issue-398 90 1 4 4 NUM issue-398 90 2 , , PUNCT issue-398 90 3 no no INTJ issue-398 90 4 . . NOUN issue-398 90 5 2 2 NUM issue-398 90 6 , , PUNCT issue-398 90 7 2018 2018 NUM issue-398 90 8 but but CCONJ issue-398 90 9 , , PUNCT issue-398 90 10 nevertheless nevertheless ADV issue-398 90 11 , , PUNCT issue-398 90 12 the the DET issue-398 90 13 main main ADJ issue-398 90 14 problem problem NOUN issue-398 90 15 is be AUX issue-398 90 16 to to PART issue-398 90 17 transform transform VERB issue-398 90 18 the the DET issue-398 90 19 regulatory regulatory ADJ issue-398 90 20 framework framework NOUN issue-398 90 21 , , PUNCT issue-398 90 22 which which PRON issue-398 90 23 must must AUX issue-398 90 24 meet meet VERB issue-398 90 25 the the DET issue-398 90 26 current current ADJ issue-398 90 27 needs need NOUN issue-398 90 28 of of ADP issue-398 90 29 direct direct ADJ issue-398 90 30 participants participant NOUN issue-398 90 31 on on ADP issue-398 90 32 the the DET issue-398 90 33 stock stock NOUN issue-398 90 34 market market NOUN issue-398 90 35 . . PUNCT issue-398 91 1 5 5 X issue-398 91 2 . . X issue-398 91 3 ipo ipo NOUN issue-398 91 4 as as ADP issue-398 91 5 an an DET issue-398 91 6 innovative innovative ADJ issue-398 91 7 component component NOUN issue-398 91 8 of of ADP issue-398 91 9 the the DET issue-398 91 10 economy economy NOUN issue-398 91 11 ’s ’s PART issue-398 91 12 real real ADJ issue-398 91 13 sector sector NOUN issue-398 91 14 development development NOUN issue-398 91 15 it it PRON issue-398 91 16 should should AUX issue-398 91 17 be be AUX issue-398 91 18 noted note VERB issue-398 91 19 that that SCONJ issue-398 91 20 ukrainian ukrainian ADJ issue-398 91 21 financial financial ADJ issue-398 91 22 market market NOUN issue-398 91 23 lacks lack VERB issue-398 91 24 a a DET issue-398 91 25 properly properly ADV issue-398 91 26 formed form VERB issue-398 91 27 segment segment NOUN issue-398 91 28 of of ADP issue-398 91 29 institutional institutional ADJ issue-398 91 30 investors investor NOUN issue-398 91 31 . . PUNCT issue-398 92 1 the the DET issue-398 92 2 result result NOUN issue-398 92 3 is be AUX issue-398 92 4 the the DET issue-398 92 5 absence absence NOUN issue-398 92 6 of of ADP issue-398 92 7 “ " PUNCT issue-398 92 8 long long ADJ issue-398 92 9 ” " PUNCT issue-398 92 10 liabilities liability NOUN issue-398 92 11 at at ADP issue-398 92 12 the the DET issue-398 92 13 disposal disposal NOUN issue-398 92 14 of of ADP issue-398 92 15 pension pension NOUN issue-398 92 16 and and CCONJ issue-398 92 17 investment investment NOUN issue-398 92 18 funds fund NOUN issue-398 92 19 , , PUNCT issue-398 92 20 insurance insurance NOUN issue-398 92 21 companies company NOUN issue-398 92 22 . . PUNCT issue-398 93 1 the the DET issue-398 93 2 problem problem NOUN issue-398 93 3 of of ADP issue-398 93 4 improving improve VERB issue-398 93 5 the the DET issue-398 93 6 ipo ipo NOUN issue-398 93 7 market market NOUN issue-398 93 8 is be AUX issue-398 93 9 especially especially ADV issue-398 93 10 acute acute ADJ issue-398 93 11 because because SCONJ issue-398 93 12 the the DET issue-398 93 13 accumulation accumulation NOUN issue-398 93 14 of of ADP issue-398 93 15 resources resource NOUN issue-398 93 16 through through ADP issue-398 93 17 the the DET issue-398 93 18 initial initial ADJ issue-398 93 19 placement placement NOUN issue-398 93 20 of of ADP issue-398 93 21 securities security NOUN issue-398 93 22 is be AUX issue-398 93 23 one one NUM issue-398 93 24 of of ADP issue-398 93 25 the the DET issue-398 93 26 effective effective ADJ issue-398 93 27 ways way NOUN issue-398 93 28 of of ADP issue-398 93 29 financing finance VERB issue-398 93 30 an an DET issue-398 93 31 innovative innovative ADJ issue-398 93 32 activity activity NOUN issue-398 93 33 ( ( PUNCT issue-398 93 34 fig fig NOUN issue-398 93 35 . . PUNCT issue-398 94 1 3 3 X issue-398 94 2 ) ) PUNCT issue-398 94 3 ( ( PUNCT issue-398 94 4 built build VERB issue-398 94 5 on on ADP issue-398 94 6 the the DET issue-398 94 7 basis basis NOUN issue-398 94 8 of of ADP issue-398 94 9 data datum NOUN issue-398 94 10 of of ADP issue-398 94 11 the the DET issue-398 94 12 official official ADJ issue-398 94 13 site site NOUN issue-398 94 14 of of ADP issue-398 94 15 the the DET issue-398 94 16 state state NOUN issue-398 94 17 statistics statistic NOUN issue-398 94 18 service service NOUN issue-398 94 19 of of ADP issue-398 94 20 ukraine ukraine NOUN issue-398 94 21 and and CCONJ issue-398 94 22 national national ADJ issue-398 94 23 securities securities PROPN issue-398 94 24 and and CCONJ issue-398 94 25 stock stock NOUN issue-398 94 26 market market NOUN issue-398 94 27 commission commission NOUN issue-398 94 28 , , PUNCT issue-398 94 29 2018 2018 NUM issue-398 94 30 ) ) PUNCT issue-398 94 31 . . PUNCT issue-398 95 1 the the DET issue-398 95 2 analysis analysis NOUN issue-398 95 3 proves prove VERB issue-398 95 4 that that SCONJ issue-398 95 5 there there PRON issue-398 95 6 is be VERB issue-398 95 7 a a DET issue-398 95 8 close close ADJ issue-398 95 9 direct direct ADJ issue-398 95 10 link link NOUN issue-398 95 11 between between ADP issue-398 95 12 the the DET issue-398 95 13 number number NOUN issue-398 95 14 of of ADP issue-398 95 15 ipos ipos NOUN issue-398 95 16 and and CCONJ issue-398 95 17 the the DET issue-398 95 18 source source NOUN issue-398 95 19 of of ADP issue-398 95 20 financing finance VERB issue-398 95 21 an an DET issue-398 95 22 innovative innovative ADJ issue-398 95 23 activity activity NOUN issue-398 95 24 that that PRON issue-398 95 25 is be AUX issue-398 95 26 called call VERB issue-398 95 27 by by ADP issue-398 95 28 the the DET issue-398 95 29 state state NOUN issue-398 95 30 statistics statistic NOUN issue-398 95 31 service service NOUN issue-398 95 32 of of ADP issue-398 95 33 ukraine ukraine NOUN issue-398 95 34 as as ADP issue-398 95 35 “ " PUNCT issue-398 95 36 other other ADJ issue-398 95 37 sources source NOUN issue-398 95 38 of of ADP issue-398 95 39 financing financing NOUN issue-398 95 40 . . PUNCT issue-398 95 41 ” " PUNCT issue-398 96 1 the the DET issue-398 96 2 results result NOUN issue-398 96 3 demonstrate demonstrate VERB issue-398 96 4 that that SCONJ issue-398 96 5 the the DET issue-398 96 6 ipo ipo NOUN issue-398 96 7 is be AUX issue-398 96 8 one one NUM issue-398 96 9 of of ADP issue-398 96 10 the the DET issue-398 96 11 sources source NOUN issue-398 96 12 of of ADP issue-398 96 13 financing finance VERB issue-398 96 14 an an DET issue-398 96 15 innovative innovative ADJ issue-398 96 16 activity activity NOUN issue-398 96 17 of of ADP issue-398 96 18 ukraine ukraine NOUN issue-398 96 19 . . PUNCT issue-398 97 1 it it PRON issue-398 97 2 should should AUX issue-398 97 3 also also ADV issue-398 97 4 be be AUX issue-398 97 5 noted note VERB issue-398 97 6 that that SCONJ issue-398 97 7 most most ADJ issue-398 97 8 of of ADP issue-398 97 9 the the DET issue-398 97 10 domestic domestic ADJ issue-398 97 11 companies company NOUN issue-398 97 12 that that PRON issue-398 97 13 had have VERB issue-398 97 14 an an DET issue-398 97 15 experience experience NOUN issue-398 97 16 in in ADP issue-398 97 17 holding hold VERB issue-398 97 18 ipos ipos NOUN issue-398 97 19 used use VERB issue-398 97 20 to to PART issue-398 97 21 issue issue VERB issue-398 97 22 corporate corporate ADJ issue-398 97 23 bonds bond NOUN issue-398 97 24 earlier early ADV issue-398 97 25 due due ADP issue-398 97 26 to to ADP issue-398 97 27 the the DET issue-398 97 28 peculiarity peculiarity NOUN issue-398 97 29 of of ADP issue-398 97 30 the the DET issue-398 97 31 domestic domestic ADJ issue-398 97 32 corporate corporate ADJ issue-398 97 33 governance governance NOUN issue-398 97 34 model model NOUN issue-398 97 35 , , PUNCT issue-398 97 36 which which PRON issue-398 97 37 has have VERB issue-398 97 38 features feature NOUN issue-398 97 39 of of ADP issue-398 97 40 a a DET issue-398 97 41 debt debt NOUN issue-398 97 42 nature nature NOUN issue-398 97 43 that that PRON issue-398 97 44 must must AUX issue-398 97 45 be be AUX issue-398 97 46 taken take VERB issue-398 97 47 into into ADP issue-398 97 48 account account NOUN issue-398 97 49 in in ADP issue-398 97 50 the the DET issue-398 97 51 proposed propose VERB issue-398 97 52 model model NOUN issue-398 97 53 for for ADP issue-398 97 54 the the DET issue-398 97 55 domestic domestic ADJ issue-398 97 56 companies company NOUN issue-398 97 57 entering enter VERB issue-398 97 58 the the DET issue-398 97 59 ipo ipo NOUN issue-398 97 60 market market NOUN issue-398 97 61 ( ( PUNCT issue-398 97 62 fig fig NOUN issue-398 97 63 . . PUNCT issue-398 98 1 4 4 NUM issue-398 98 2 ) ) PUNCT issue-398 98 3 ( ( PUNCT issue-398 98 4 created create VERB issue-398 98 5 by by ADP issue-398 98 6 the the DET issue-398 98 7 authors author NOUN issue-398 98 8 ) ) PUNCT issue-398 98 9 . . PUNCT issue-398 99 1 issue issue NOUN issue-398 99 2 of of ADP issue-398 99 3 bonds bond NOUN issue-398 99 4 private private ADJ issue-398 99 5 joint joint ADJ issue-398 99 6 stock stock NOUN issue-398 99 7 companies company NOUN issue-398 99 8 public public ADJ issue-398 99 9 joint joint ADJ issue-398 99 10 stock stock NOUN issue-398 99 11 companies company NOUN issue-398 99 12 internal internal ADJ issue-398 99 13 ipo ipo PROPN issue-398 99 14 ipo ipo PROPN issue-398 99 15 taking take VERB issue-398 99 16 into into ADP issue-398 99 17 account account NOUN issue-398 99 18 the the DET issue-398 99 19 obstacles obstacle NOUN issue-398 99 20 to to ADP issue-398 99 21 overcoming overcome VERB issue-398 99 22 fig fig NOUN issue-398 99 23 . . PUNCT issue-398 100 1 4 4 X issue-398 100 2 . . X issue-398 100 3 model model NOUN issue-398 100 4 of of ADP issue-398 100 5 entering enter VERB issue-398 100 6 the the DET issue-398 100 7 ipo ipo NOUN issue-398 100 8 market market NOUN issue-398 100 9 by by ADP issue-398 100 10 ukrainian ukrainian ADJ issue-398 100 11 companies company NOUN issue-398 100 12 6 6 NUM issue-398 100 13 . . PUNCT issue-398 101 1 aspects aspect NOUN issue-398 101 2 of of ADP issue-398 101 3 reforming reform VERB issue-398 101 4 ipo ipo NOUN issue-398 101 5 regulatory regulatory ADJ issue-398 101 6 framework framework NOUN issue-398 101 7 certain certain ADJ issue-398 101 8 measures measure NOUN issue-398 101 9 are be AUX issue-398 101 10 taken take VERB issue-398 101 11 to to PART issue-398 101 12 reform reform VERB issue-398 101 13 the the DET issue-398 101 14 regulatory regulatory ADJ issue-398 101 15 and and CCONJ issue-398 101 16 legislative legislative ADJ issue-398 101 17 framework framework NOUN issue-398 101 18 for for ADP issue-398 101 19 the the DET issue-398 101 20 development development NOUN issue-398 101 21 of of ADP issue-398 101 22 the the DET issue-398 101 23 ipo ipo NOUN issue-398 101 24 market market NOUN issue-398 101 25 : : PUNCT issue-398 101 26 – – PUNCT issue-398 101 27 implementation implementation NOUN issue-398 101 28 and and CCONJ issue-398 101 29 monitoring monitoring NOUN issue-398 101 30 of of ADP issue-398 101 31 the the DET issue-398 101 32 adaptation adaptation NOUN issue-398 101 33 of of ADP issue-398 101 34 iosco iosco NOUN issue-398 101 35 principles principle NOUN issue-398 101 36 that that PRON issue-398 101 37 are be AUX issue-398 101 38 related relate VERB issue-398 101 39 to to ADP issue-398 101 40 the the DET issue-398 101 41 activities activity NOUN issue-398 101 42 of of ADP issue-398 101 43 issuers issuer NOUN issue-398 101 44 in in ADP issue-398 101 45 the the DET issue-398 101 46 direction direction NOUN issue-398 101 47 of of ADP issue-398 101 48 full full ADJ issue-398 101 49 , , PUNCT issue-398 101 50 trustworthy trustworthy ADJ issue-398 101 51 , , PUNCT issue-398 101 52 and and CCONJ issue-398 101 53 timely timely ADJ issue-398 101 54 disclosure disclosure NOUN issue-398 101 55 of of ADP issue-398 101 56 information information NOUN issue-398 101 57 , , PUNCT issue-398 101 58 the the DET issue-398 101 59 equal equal ADJ issue-398 101 60 rightness rightness NOUN issue-398 101 61 of of ADP issue-398 101 62 investors investor NOUN issue-398 101 63 , , PUNCT issue-398 101 64 and and CCONJ issue-398 101 65 raising raise VERB issue-398 101 66 accounting accounting NOUN issue-398 101 67 standards standard NOUN issue-398 101 68 ( ( PUNCT issue-398 101 69 national national ADJ issue-398 101 70 securities security NOUN issue-398 101 71 and and CCONJ issue-398 101 72 stock stock NOUN issue-398 101 73 market market NOUN issue-398 101 74 commission commission PROPN issue-398 101 75 ) ) PUNCT issue-398 101 76 . . PUNCT issue-398 102 1 – – PUNCT issue-398 102 2 the the DET issue-398 102 3 enactment enactment NOUN issue-398 102 4 of of ADP issue-398 102 5 the the DET issue-398 102 6 bill bill NOUN issue-398 102 7 5592 5592 NUM issue-398 102 8 - - SYM issue-398 102 9 d d NOUN issue-398 102 10 by by ADP issue-398 102 11 the the DET issue-398 102 12 verkhovna verkhovna NOUN issue-398 102 13 rada rada PROPN issue-398 102 14 of of ADP issue-398 102 15 ukraine ukraine PROPN issue-398 102 16 , , PUNCT issue-398 102 17 which which PRON issue-398 102 18 opens open VERB issue-398 102 19 new new ADJ issue-398 102 20 perspectives perspective NOUN issue-398 102 21 and and CCONJ issue-398 102 22 peculiarities peculiarity NOUN issue-398 102 23 of of ADP issue-398 102 24 the the DET issue-398 102 25 recognition recognition NOUN issue-398 102 26 of of ADP issue-398 102 27 the the DET issue-398 102 28 publicity publicity NOUN issue-398 102 29 of of ADP issue-398 102 30 jointstock jointstock NOUN issue-398 102 31 companies company NOUN issue-398 102 32 , , PUNCT issue-398 102 33 which which PRON issue-398 102 34 should should AUX issue-398 102 35 promote promote VERB issue-398 102 36 the the DET issue-398 102 37 expansion expansion NOUN issue-398 102 38 of of ADP issue-398 102 39 the the DET issue-398 102 40 exchange exchange NOUN issue-398 102 41 register register VERB issue-398 102 42 and and CCONJ issue-398 102 43 become become VERB issue-398 102 44 an an DET issue-398 102 45 investment investment NOUN issue-398 102 46 incentive incentive NOUN issue-398 102 47 for for ADP issue-398 102 48 domestic domestic ADJ issue-398 102 49 and and CCONJ issue-398 102 50 foreign foreign ADJ issue-398 102 51 investors investor NOUN issue-398 102 52 . . PUNCT issue-398 103 1 – – PUNCT issue-398 103 2 the the DET issue-398 103 3 implementation implementation NOUN issue-398 103 4 of of ADP issue-398 103 5 pension pension NOUN issue-398 103 6 reform reform NOUN issue-398 103 7 , , PUNCT issue-398 103 8 which which PRON issue-398 103 9 promotes promote VERB issue-398 103 10 the the DET issue-398 103 11 increase increase NOUN issue-398 103 12 of of ADP issue-398 103 13 the the DET issue-398 103 14 volume volume NOUN issue-398 103 15 of of ADP issue-398 103 16 assets asset NOUN issue-398 103 17 at at ADP issue-398 103 18 the the DET issue-398 103 19 disposal disposal NOUN issue-398 103 20 of of ADP issue-398 103 21 institutional institutional ADJ issue-398 103 22 investors investor NOUN issue-398 103 23 and and CCONJ issue-398 103 24 is be AUX issue-398 103 25 the the DET issue-398 103 26 basis basis NOUN issue-398 103 27 for for ADP issue-398 103 28 the the DET issue-398 103 29 formation formation NOUN issue-398 103 30 an an DET issue-398 103 31 effective effective ADJ issue-398 103 32 demand demand NOUN issue-398 103 33 on on ADP issue-398 103 34 the the DET issue-398 103 35 certain certain ADJ issue-398 103 36 financial financial ADJ issue-398 103 37 instruments instrument NOUN issue-398 103 38 on on ADP issue-398 103 39 the the DET issue-398 103 40 stock stock NOUN issue-398 103 41 market market NOUN issue-398 103 42 . . PUNCT issue-398 104 1 – – PUNCT issue-398 104 2 realization realization NOUN issue-398 104 3 of of ADP issue-398 104 4 the the DET issue-398 104 5 complex complex ADJ issue-398 104 6 program program NOUN issue-398 104 7 of of ADP issue-398 104 8 the the DET issue-398 104 9 development development NOUN issue-398 104 10 of of ADP issue-398 104 11 the the DET issue-398 104 12 financial financial ADJ issue-398 104 13 sector sector NOUN issue-398 104 14 of of ADP issue-398 104 15 ukraine ukraine NOUN issue-398 104 16 until until ADP issue-398 104 17 2020 2020 NUM issue-398 104 18 in in ADP issue-398 104 19 the the DET issue-398 104 20 sphere sphere NOUN issue-398 104 21 of of ADP issue-398 104 22 modernization modernization NOUN issue-398 104 23 protection protection NOUN issue-398 104 24 of of ADP issue-398 104 25 consumer consumer NOUN issue-398 104 26 and and CCONJ issue-398 104 27 investor investor NOUN issue-398 104 28 rights right NOUN issue-398 104 29 , , PUNCT issue-398 104 30 as as ADV issue-398 104 31 well well ADV issue-398 104 32 as as ADP issue-398 104 33 creating create VERB issue-398 104 34 conditions condition NOUN issue-398 104 35 for for ADP issue-398 104 36 free free ADJ issue-398 104 37 capital capital NOUN issue-398 104 38 flow flow NOUN issue-398 104 39 ( ( PUNCT issue-398 104 40 resolution resolution NOUN issue-398 104 41 of of ADP issue-398 104 42 the the DET issue-398 104 43 board board NOUN issue-398 104 44 of of ADP issue-398 104 45 the the DET issue-398 104 46 national national PROPN issue-398 104 47 bank bank PROPN issue-398 104 48 of of ADP issue-398 104 49 ukraine ukraine NOUN issue-398 104 50 , , PUNCT issue-398 104 51 2015 2015 NUM issue-398 104 52 ) ) PUNCT issue-398 104 53 . . PUNCT issue-398 105 1 but but CCONJ issue-398 105 2 , , PUNCT issue-398 105 3 further further ADJ issue-398 105 4 improvement improvement NOUN issue-398 105 5 requires require VERB issue-398 105 6 , , PUNCT issue-398 105 7 firstly firstly ADV issue-398 105 8 , , PUNCT issue-398 105 9 mechanisms mechanism NOUN issue-398 105 10 of of ADP issue-398 105 11 protection protection NOUN issue-398 105 12 the the DET issue-398 105 13 financial financial ADJ issue-398 105 14 and and CCONJ issue-398 105 15 economic economic ADJ issue-398 105 16 security security NOUN issue-398 105 17 of of ADP issue-398 105 18 the the DET issue-398 105 19 issuer issuer NOUN issue-398 105 20 in in ADP issue-398 105 21 the the DET issue-398 105 22 process process NOUN issue-398 105 23 of of ADP issue-398 105 24 acquiring acquire VERB issue-398 105 25 public public ADJ issue-398 105 26 status status NOUN issue-398 105 27 by by ADP issue-398 105 28 the the DET issue-398 105 29 company company NOUN issue-398 105 30 ; ; PUNCT issue-398 105 31 secondly secondly ADV issue-398 105 32 , , PUNCT issue-398 105 33 further further ADJ issue-398 105 34 transformation transformation NOUN issue-398 105 35 of of ADP issue-398 105 36 the the DET issue-398 105 37 listing listing NOUN issue-398 105 38 criteria criterion NOUN issue-398 105 39 in in ADP issue-398 105 40 order order NOUN issue-398 105 41 to to PART issue-398 105 42 approximate approximate VERB issue-398 105 43 the the DET issue-398 105 44 current current ADJ issue-398 105 45 paradigm paradigm NOUN issue-398 105 46 of of ADP issue-398 105 47 estimating estimate VERB issue-398 105 48 issuers issuer NOUN issue-398 105 49 in in ADP issue-398 105 50 ukraine ukraine NOUN issue-398 105 51 to to ADP issue-398 105 52 international international ADJ issue-398 105 53 practice practice NOUN issue-398 105 54 , , PUNCT issue-398 105 55 to to PART issue-398 105 56 promote promote VERB issue-398 105 57 the the DET issue-398 105 58 increase increase NOUN issue-398 105 59 in in ADP issue-398 105 60 the the DET issue-398 105 61 number number NOUN issue-398 105 62 of of ADP issue-398 105 63 ipos ipos NOUN issue-398 105 64 and and CCONJ issue-398 105 65 the the DET issue-398 105 66 volume volume NOUN issue-398 105 67 of of ADP issue-398 105 68 attracted attract VERB issue-398 105 69 resources resource NOUN issue-398 105 70 ; ; PUNCT issue-398 105 71 thirdly thirdly ADV issue-398 105 72 , , PUNCT issue-398 105 73 the the DET issue-398 105 74 approaches approach NOUN issue-398 105 75 to to ADP issue-398 105 76 the the DET issue-398 105 77 procedures procedure NOUN issue-398 105 78 “ " PUNCT issue-398 105 79 due due ADJ issue-398 105 80 diligence diligence NOUN issue-398 105 81 ” " PUNCT issue-398 105 82 and and CCONJ issue-398 105 83 “ " PUNCT issue-398 105 84 roadshow roadshow NOUN issue-398 105 85 ” " PUNCT issue-398 105 86 in in ADP issue-398 105 87 order order NOUN issue-398 105 88 to to PART issue-398 105 89 establish establish VERB issue-398 105 90 a a DET issue-398 105 91 weighted weight VERB issue-398 105 92 issue issue NOUN issue-398 105 93 price price NOUN issue-398 105 94 for for ADP issue-398 105 95 ipos ipos NOUN issue-398 105 96 . . PUNCT issue-398 106 1 y y PROPN issue-398 106 2 = = SYM issue-398 106 3 0,0009x 0,0009x PROPN issue-398 107 1 0,1645 0,1645 PROPN issue-398 107 2 r2 r2 PROPN issue-398 107 3 = = PUNCT issue-398 108 1 0,8145 0,8145 NOUN issue-398 108 2 0 0 NUM issue-398 108 3 1 1 NUM issue-398 108 4 2 2 NUM issue-398 108 5 3 3 NUM issue-398 108 6 4 4 NUM issue-398 108 7 5 5 NUM issue-398 108 8 6 6 NUM issue-398 108 9 7 7 NUM issue-398 108 10 0 0 NUM issue-398 108 11 1000 1000 NUM issue-398 108 12 2000 2000 NUM issue-398 108 13 3000 3000 NUM issue-398 108 14 4000 4000 NUM issue-398 108 15 5000 5000 NUM issue-398 108 16 6000 6000 NUM issue-398 108 17 7000 7000 NUM issue-398 108 18 sources source NOUN issue-398 108 19 of of ADP issue-398 108 20 f f PROPN issue-398 108 21 inancing inancing NOUN issue-398 108 22 of of ADP issue-398 108 23 innovation innovation NOUN issue-398 108 24 activity activity NOUN issue-398 108 25 at at ADP issue-398 108 26 the the DET issue-398 108 27 expense expense NOUN issue-398 108 28 of of ADP issue-398 108 29 other other ADJ issue-398 108 30 sources source NOUN issue-398 108 31 , , PUNCT issue-398 108 32 m m VERB issue-398 108 33 ln.uah ln.uah ADJ issue-398 108 34 . . PUNCT issue-398 109 1 n n AUX issue-398 109 2 um um INTJ issue-398 109 3 be be AUX issue-398 109 4 r r NOUN issue-398 109 5 o o NOUN issue-398 109 6 f f X issue-398 110 1 i i PRON issue-398 110 2 po po PROPN issue-398 110 3 s s PROPN issue-398 110 4 , , PUNCT issue-398 110 5 p p PROPN issue-398 110 6 cs cs PROPN issue-398 110 7 . . PUNCT issue-398 111 1 fig fig NOUN issue-398 111 2 . . PUNCT issue-398 112 1 3 3 X issue-398 112 2 . . X issue-398 112 3 graphical graphical ADJ issue-398 112 4 representation representation NOUN issue-398 112 5 of of ADP issue-398 112 6 the the DET issue-398 112 7 results result NOUN issue-398 112 8 of of ADP issue-398 112 9 the the DET issue-398 112 10 analysis analysis NOUN issue-398 112 11 of of ADP issue-398 112 12 the the DET issue-398 112 13 relationship relationship NOUN issue-398 112 14 between between ADP issue-398 112 15 the the DET issue-398 112 16 number number NOUN issue-398 112 17 of of ADP issue-398 112 18 ipos ipos NOUN issue-398 112 19 and and CCONJ issue-398 112 20 other other ADJ issue-398 112 21 sources source NOUN issue-398 112 22 of of ADP issue-398 112 23 financing finance VERB issue-398 112 24 an an DET issue-398 112 25 innovative innovative ADJ issue-398 112 26 activity activity NOUN issue-398 112 27 baltic baltic ADJ issue-398 112 28 journal journal NOUN issue-398 112 29 of of ADP issue-398 112 30 economic economic ADJ issue-398 112 31 studies study NOUN issue-398 112 32 183 183 NUM issue-398 112 33 vol vol NOUN issue-398 112 34 . . PROPN issue-398 113 1 4 4 NUM issue-398 113 2 , , PUNCT issue-398 113 3 no no INTJ issue-398 113 4 . . NOUN issue-398 113 5 2 2 NUM issue-398 113 6 , , PUNCT issue-398 113 7 2018 2018 NUM issue-398 113 8 7 7 NUM issue-398 113 9 . . PUNCT issue-398 114 1 conclusions conclusion NOUN issue-398 114 2 the the DET issue-398 114 3 results result NOUN issue-398 114 4 of of ADP issue-398 114 5 the the DET issue-398 114 6 study study NOUN issue-398 114 7 indicate indicate VERB issue-398 114 8 that that SCONJ issue-398 114 9 ipo ipo PROPN issue-398 114 10 is be AUX issue-398 114 11 a a DET issue-398 114 12 source source NOUN issue-398 114 13 of of ADP issue-398 114 14 financing finance VERB issue-398 114 15 the the DET issue-398 114 16 investment investment NOUN issue-398 114 17 and and CCONJ issue-398 114 18 innovative innovative ADJ issue-398 114 19 activity activity NOUN issue-398 114 20 of of ADP issue-398 114 21 enterprises enterprise NOUN issue-398 114 22 that that PRON issue-398 114 23 has have VERB issue-398 114 24 special special ADJ issue-398 114 25 features feature NOUN issue-398 114 26 of of ADP issue-398 114 27 realization realization NOUN issue-398 114 28 at at ADP issue-398 114 29 different different ADJ issue-398 114 30 world world NOUN issue-398 114 31 financial financial ADJ issue-398 114 32 centres centre NOUN issue-398 114 33 . . PUNCT issue-398 115 1 the the DET issue-398 115 2 model model NOUN issue-398 115 3 of of ADP issue-398 115 4 entering enter VERB issue-398 115 5 the the DET issue-398 115 6 ipo ipo NOUN issue-398 115 7 market market NOUN issue-398 115 8 by by ADP issue-398 115 9 ukrainian ukrainian ADJ issue-398 115 10 companies company NOUN issue-398 115 11 should should AUX issue-398 115 12 be be AUX issue-398 115 13 modernized modernize VERB issue-398 115 14 to to PART issue-398 115 15 overcome overcome VERB issue-398 115 16 the the DET issue-398 115 17 identified identify VERB issue-398 115 18 factors factor NOUN issue-398 115 19 that that PRON issue-398 115 20 are be AUX issue-398 115 21 specific specific ADJ issue-398 115 22 on on ADP issue-398 115 23 each each DET issue-398 115 24 stage stage NOUN issue-398 115 25 of of ADP issue-398 115 26 its its PRON issue-398 115 27 implementation implementation NOUN issue-398 115 28 , , PUNCT issue-398 115 29 taking take VERB issue-398 115 30 into into ADP issue-398 115 31 account account NOUN issue-398 115 32 the the DET issue-398 115 33 peculiarities peculiarity NOUN issue-398 115 34 of of ADP issue-398 115 35 the the DET issue-398 115 36 ukrainian ukrainian ADJ issue-398 115 37 market market NOUN issue-398 115 38 and and CCONJ issue-398 115 39 focus focus VERB issue-398 115 40 on on ADP issue-398 115 41 the the DET issue-398 115 42 leading lead VERB issue-398 115 43 trends trend NOUN issue-398 115 44 . . PUNCT issue-398 116 1 reforming reform VERB issue-398 116 2 and and CCONJ issue-398 116 3 implementation implementation NOUN issue-398 116 4 of of ADP issue-398 116 5 innovations innovation NOUN issue-398 116 6 of of ADP issue-398 116 7 the the DET issue-398 116 8 regulatory regulatory ADJ issue-398 116 9 framework framework NOUN issue-398 116 10 is be AUX issue-398 116 11 the the DET issue-398 116 12 priority priority NOUN issue-398 116 13 task task NOUN issue-398 116 14 for for ADP issue-398 116 15 the the DET issue-398 116 16 modernization modernization NOUN issue-398 116 17 of of ADP issue-398 116 18 the the DET issue-398 116 19 ipo ipo NOUN issue-398 116 20 market market NOUN issue-398 116 21 that that PRON issue-398 116 22 is be AUX issue-398 116 23 also also ADV issue-398 116 24 the the DET issue-398 116 25 basis basis NOUN issue-398 116 26 for for ADP issue-398 116 27 protection protection NOUN issue-398 116 28 of of ADP issue-398 116 29 the the DET issue-398 116 30 interests interest NOUN issue-398 116 31 of of ADP issue-398 116 32 stock stock NOUN issue-398 116 33 market market NOUN issue-398 116 34 participants participant NOUN issue-398 116 35 . . PUNCT issue-398 117 1 references reference NOUN issue-398 117 2 : : PUNCT issue-398 117 3 ey ey PRON issue-398 117 4 global global ADJ issue-398 117 5 ( ( PUNCT issue-398 117 6 2017 2017 NUM issue-398 117 7 ) ) PUNCT issue-398 117 8 reading read VERB issue-398 117 9 allowed allow VERB issue-398 117 10 : : PUNCT issue-398 117 11 global global ADJ issue-398 117 12 ipo ipo PROPN issue-398 117 13 trends trend NOUN issue-398 117 14 q3 q3 PROPN issue-398 117 15 ( ( PUNCT issue-398 117 16 2017 2017 NUM issue-398 117 17 ) ) PUNCT issue-398 117 18 . . PUNCT issue-398 118 1 retrieved retrieve VERB issue-398 118 2 from from ADP issue-398 118 3 : : PUNCT issue-398 118 4 http://www.ey.com/publication/ http://www.ey.com/publication/ NOUN issue-398 118 5 vwluassets vwluasset VERB issue-398 118 6 / / SYM issue-398 118 7 ey ey ADJ issue-398 118 8 - - ADJ issue-398 118 9 global global ADJ issue-398 118 10 - - PUNCT issue-398 118 11 ipo ipo NOUN issue-398 118 12 - - PUNCT issue-398 118 13 trends trend NOUN issue-398 118 14 - - PUNCT issue-398 118 15 q3 q3 NOUN issue-398 118 16 - - PUNCT issue-398 118 17 2017/$file/ 2017/$file/ NUM issue-398 118 18 ey-global-ipo-trends-q3-2017.pdf ey-global-ipo-trends-q3-2017.pdf NOUN issue-398 118 19 ey ey PRON issue-398 118 20 global global ADJ issue-398 118 21 ( ( PUNCT issue-398 118 22 2012 2012 NUM issue-398 118 23 ) ) PUNCT issue-398 118 24 reading reading NOUN issue-398 118 25 allowed allow VERB issue-398 118 26 : : PUNCT issue-398 118 27 comparing compare VERB issue-398 118 28 global global ADJ issue-398 118 29 stock stock NOUN issue-398 118 30 exchanges exchange NOUN issue-398 118 31 stock stock NOUN issue-398 118 32 market market NOUN issue-398 118 33 listing list VERB issue-398 118 34 standards standard NOUN issue-398 118 35 and and CCONJ issue-398 118 36 fees fee NOUN issue-398 118 37 . . PUNCT issue-398 119 1 retrieved retrieve VERB issue-398 119 2 from from ADP issue-398 119 3 : : PUNCT issue-398 119 4 http://www.ey.com/publication/vwluassets/comparing-global-stock-exchanges-eng/$file/ http://www.ey.com/publication/vwluassets/comparing-global-stock-exchanges-eng/$file/ PROPN issue-398 119 5 comparing-global-stock-exchanges-eng.pdf comparing-global-stock-exchanges-eng.pdf PROPN issue-398 119 6 national national ADJ issue-398 119 7 securities securities PROPN issue-398 119 8 and and CCONJ issue-398 119 9 stock stock NOUN issue-398 119 10 market market NOUN issue-398 119 11 commission commission NOUN issue-398 119 12 ( ( PUNCT issue-398 119 13 2018 2018 NUM issue-398 119 14 ) ) PUNCT issue-398 119 15 electronic electronic ADJ issue-398 119 16 resources resource NOUN issue-398 119 17 . . PUNCT issue-398 120 1 retrieved retrieve VERB issue-398 120 2 february february PROPN issue-398 120 3 16 16 NUM issue-398 120 4 , , PUNCT issue-398 120 5 2018 2018 NUM issue-398 120 6 from from ADP issue-398 120 7 : : PUNCT issue-398 120 8 http://www.nssmc.gov.ua/ http://www.nssmc.gov.ua/ PROPN issue-398 120 9 pwc pwc PROPN issue-398 120 10 ( ( PUNCT issue-398 120 11 2011 2011 NUM issue-398 120 12 ) ) PUNCT issue-398 120 13 reading read VERB issue-398 120 14 allowed allow VERB issue-398 120 15 : : PUNCT issue-398 120 16 capital capital NOUN issue-398 120 17 markets market NOUN issue-398 120 18 in in ADP issue-398 120 19 2025 2025 NUM issue-398 120 20 : : PUNCT issue-398 120 21 future future NOUN issue-398 120 22 of of ADP issue-398 120 23 financial financial ADJ issue-398 120 24 markets market NOUN issue-398 120 25 . . PUNCT issue-398 121 1 retrieved retrieve VERB issue-398 121 2 from from ADP issue-398 121 3 : : PUNCT issue-398 121 4 https://www.pwc.ru/en/capital-markets/publications/assets/capital_markets_in_2025_rus.pdf https://www.pwc.ru/en/capital-markets/publications/assets/capital_markets_in_2025_rus.pdf NOUN issue-398 121 5 resolution resolution NOUN issue-398 121 6 of of ADP issue-398 121 7 the the DET issue-398 121 8 board board NOUN issue-398 121 9 of of ADP issue-398 121 10 the the DET issue-398 121 11 national national PROPN issue-398 121 12 bank bank PROPN issue-398 121 13 of of ADP issue-398 121 14 ukraine ukraine PROPN issue-398 121 15 ( ( PUNCT issue-398 121 16 2015 2015 NUM issue-398 121 17 ) ) PUNCT issue-398 121 18 reading read VERB issue-398 121 19 allowed allow VERB issue-398 121 20 : : PUNCT issue-398 121 21 complex complex ADJ issue-398 121 22 program program NOUN issue-398 121 23 of of ADP issue-398 121 24 development development NOUN issue-398 121 25 of of ADP issue-398 121 26 the the DET issue-398 121 27 financial financial ADJ issue-398 121 28 sector sector NOUN issue-398 121 29 of of ADP issue-398 121 30 ukraine ukraine NOUN issue-398 121 31 till till SCONJ issue-398 121 32 2020 2020 NUM issue-398 121 33 . . PUNCT issue-398 122 1 retrieved retrieve VERB issue-398 122 2 from from ADP issue-398 122 3 : : PUNCT issue-398 122 4 https://bank.gov.ua/doccatalog https://bank.gov.ua/doccatalog PROPN issue-398 122 5 /document?id=18563297 /document?id=18563297 PUNCT issue-398 123 1 state state PROPN issue-398 123 2 statistics statistic NOUN issue-398 123 3 service service NOUN issue-398 123 4 of of ADP issue-398 123 5 ukraine ukraine NOUN issue-398 123 6 ( ( PUNCT issue-398 123 7 2018 2018 NUM issue-398 123 8 ) ) PUNCT issue-398 123 9 electronic electronic ADJ issue-398 123 10 resources resource NOUN issue-398 123 11 . . PUNCT issue-398 124 1 retrieved retrieve VERB issue-398 124 2 february february PROPN issue-398 124 3 16 16 NUM issue-398 124 4 , , PUNCT issue-398 124 5 2018 2018 NUM issue-398 124 6 from from ADP issue-398 124 7 : : PUNCT issue-398 124 8 http://www.ukrstat.gov.ua/ http://www.ukrstat.gov.ua/ NOUN