Dragon Capital Wins 5th ‘Best Equity House in Ukraine’ Award
Kyiv, July 17, 2007 – Financial newsmagazine Euromoney has named Dragon Capital as winner of its Best Equity House in Ukraine award for 2007, the fifth time the Kyiv-based investment bank has won the accolade.
In winning the award, Dragon Capital was singled out for its success in primary share placements and its dominant market share in secondary trading in Ukraine. Already in 2007, Dragon Capital has closed five IPOs and private placements, raising nearly $450m, or more than the total volume of equity placements the bank managed over the whole of 2006. Dragon’s brokerage division continues to lead the Ukrainian stock market in trading, accounting for more than one-third (34%) of the total turnover on the PFTS, the country’s primary stock exchange, in January-June 2007 – up from 32% in 2006 and more than double the share of its closest competitor.
“We are very pleased by the award and strongly believe this highlights Dragon’s achievements with respect to developing Ukraine’s investment potential,” Dragon Capital Managing Director Tomáš Fiala said. “The positive returns we’re seeing from Ukrainian stocks show that our optimism and hard work over the last year have not been misplaced.”
The Euromoney awards represent the newsmagazine’s annual global rating of financial institutions in a broad spectrum categories and have become a benchmark for outstanding performance in the financial sector. The other Ukraine awards went to Ukrsibbank (Best Bank in Ukraine) and UBS (Best Debt House in Ukraine).
Dragon Capital, which has won the Euromoney award for Ukraine in all five years in which the award has been handed out (2002, 2004-07), continues to prove itself as the top investment bank in Ukraine. The latest IPO of property developer Dragon-Ukrainian Properties & Development for $208m, completed by Dragon Capital on London’s AIM in June, is set to help the firm break the 2006 record for the total volume of debt and equity raised ($750m).
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