Kalinin O. Management of financial capitals formation in associations of industrial enterprises

Different definitions of financial capital were reviewed, analyzed and studied. The classification and grouping of capital has been made. To the definition of capital were proposed additional item. It addition to "equity" and "loan capital" it was suggested that "gained capital" should be classified as a separate group which is raised funds at the disposal of the company or their unions and are aimed to meet the needs of the functioning process, investment strategy and the further development, in order to provide innovations and competitive advantages. Valuation system of financial stability was analyzed and proved its importance for the competitive ability of the company and its investors. Assessment methodology has been implemented effective IPO, and worked through the stages of its implementation by international standards. Estimated the costs of the IPO. The value of investments that will be received during the IPO, will be in general below the average cost of capital for the company, and can the recommendation that the public offering will be profitable for the company was provided.