Fyshchuk I. Evolution of mechanism of initial public offering of the Ukrainian enterprises on international stock markets.

Dissertation is devoted to research of theoretical aspects of mechanism of the initial public offering of the Ukrainian enterprises on international stock markets. This paper explored the economic role of IPO operations of Ukrainian companies on international stock markets. Essence, functions, principles and basic elements of IPO mechanism of the Ukrainian enterprises on international stock markets is exposed. Classification of choice criteria of international stock markets for IPO operations of Ukrainian enterprises, such as capitalization, volume of auctions, amount of companies, base of investors, listing requirements, corporate management, prospect of emission. The order of realization of instruments of IPO mechanism, which consists of the six stages is developed: at first, it is an analysis of experience of the previous Ukrainian enterprises which conducted IPO; secondly, it is a decision-making about the lead through of IPO; thirdly, it is realization of changes in companies and conclusions of treaty with an organizer IPO; fourthly, it is a choice of place and time of placing; fifthly, it is a leading out of securities on the international stock market; the six point it is control after realization of placing and maintenance of price of equities. The logician of realization of instruments of mechanism is foreseen by bringing in of additional money, which includes changes in a corporate structure and allows to improve the national rules of adjusting of the initial public offering.