Georgia IPO law to open foreign investment

Author: Gemma Varriale | Published: 2 Sep 2011

The Republic of Georgia is set to introduce a landmark change to legislation that will allow state-controlled companies to list equity stakes abroad for the first time. But the change has caused controversy in some quarters.

The government aims to introduce legislation that would allow initial public offerings (IPOs) of up to 25% of Georgian power, energy and infrastructure companies on exchanges in New York, London and Warsaw.

Tamta Ivanishvili of...