Russian companies can show up to sevenfold growth in economic indicators after placing their shares on the stock exchange. This was told at a round table on the Russian capital market held in the center of New York.

Victor Remsha, General Partner of Finsight Ventures Fund, noted that the capitalization of the eight largest Russian high-tech companies has doubled in 2.5 years. According to him, Russia demonstrates impressive indicators in terms of the size of the technology market. In particular, about 63 million people use electronic services in Russia, their total spending on the Internet is about $45.6 billion (3.2 trillion rubles).

In addition, Russian developers managed to create analogs of electronic services widespread in the world, from ordering a taxi to distance learning, he said.

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Victor Remsha, the General Partner of the Finsight Ventures, founder and owner of the Finam Group

Original (in Russian)