"A company wishing to enter an initial public offering (IPO) must first meet corporate governance standards. As a result, if this company sells its shares to other investors, individuals, investment companies, it is liable to investors. Because that person becomes a shareholder of that company, he already owns it," Samir Ismayilov, Deputy Director of Capital Market Supervision Department at Central Bank of the Republic of Azerbaijan.
According to him, in Azerbaijan, all companies that meet the standards of corporate governance can finance in the capital market:
"Recently, no startup has applied to the CBA for mass funding from the stock market. If there is an appeal, there is no difficulty for us. They register with us, and then, like other issuers, they can complete the process and put their shares. That is, if there are these appeals, we do not hinder anyone. The market is open to everyone. The CBA supports the development of the market."