BRICS nations discuss pathways for tech firms to access public markets at SPIEF

Moscow: Accelerated growth of technology companies across member countries could boost annual gross domestic product (GDP) by as much as US$656 billion. Meanwhile, deeper cooperation among BRICS nations could generate an additional economic impact exceeding US$2.7 trillion per year. This is according to a report jointly prepared by Russia’s Ministry of Finance and the Central University. This analysis highlights the growing influence of these strategic BRICS nations on the world stage.

The findings were presented by Ilya Ivaninsky, Director of the Center for Business Education and Analytics at Central University, during a round table discussion on Initial Public Offerings (IPOs) at the 29th St. Petersburg International Economic Forum (SPIEF). This event also featured perspectives relevant to the future of member countries. In particular, it included those grouped as BRICS nations.

Ivaninsky noted that IPOs serve as a key mechanism through which economic growth translates into investment opportunities. According to the report, BRICS countries accounted for nearly 50 per cent of global technology company IPOs in 2025. However, around 90 per cent of these listings were concentrated in China and India. Clearly, nations in BRICS continue to be significant drivers in these technological developments.

Participants discussed ways to increase the market capitalisation of technology firms across major economies. In particular, the spotlight remains on how BRICS nations and their evolving capital markets can play a critical role in this process. Russia aims to raise its stock market capitalisation-to-GDP ratio to 66 per cent under a presidential directive. Therefore, the country views capital market development as a major driver of economic growth. This was reported by TV BRICS.

Deputy Finance Minister Ivan Chebeskov said Russia is studying the experiences of China, India, and the United Arab Emirates. At the same time, the country is also seeking greater integration of financial infrastructure among BRICS countries. He emphasised the need for investors to access companies across member states. Furthermore, he called for businesses to list on one another’s markets more freely. This is especially important within the collaborative landscape of BRICS nations.

Officials highlighted the importance of developing alternative financial market infrastructure within the group. Chebeskov said such systems could contribute up to US$12 billion annually to economic growth. Consequently, the commitment shown by BRICS nations toward increasing collaboration in these areas is seen as crucial for future growth. Additionally, representatives from the UAE shared reforms that helped attract more than 53,000 new investors to its stock market last year. Remarkably, 80 per cent came from outside the country.

(ANI)

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