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УДК 338.43:336.76

DOI: https://doi.org/10.36887/2415-8453-2025-4-46

Prodanchuk Mykhailo,
Doctor of Sciences in Economics, Professor, Leading Researcher of the Accounting and Taxation Department,
National Scientific Centre «Institute of Agrarian Economics»
https://orcid.org/0000-0003-3504-4583
Anzin Roman,
Postgraduate, National Scientific Centre «Institute of Agrarian Economics»
https://orcid.org/0009-0005-5570-5133

JEL classification: G32, G34, Q13

Published: 19.12.2025

The article develops a methodology for assessing the readiness of Ukrainian agricultural companies for initial public offerings on international capital markets, grounded in an integrated approach. The study aims to create a multi-level assessment system that combines interrelated analytical blocks: corporate governance and ownership structure; financial stability and performance; risk management; ESG compliance and sustainable development; and disclosure of information and communication with investors. Attention is paid to current trends in financial transformation, in particular the implementation of IFRS standards, ESG reporting, the digitalisation of financial processes, and the formation of a transparent corporate governance structure, which are critical for successful integration into international stock exchanges. The study identifies the key challenges facing Ukrainian agricultural companies: a significant lag in the digitalisation of financial processes relative to developed countries, limited transparency of ownership structures, insufficient compliance with international regulatory requirements, and weak financial risk management systems. The methodological tools of classically relevant valuation approaches are analysed: agency, information asymmetry, resource, financial internationalisation, institutional and legal, financial and market, risk management, and ESG criteria. An integrated model for assessing readiness is proposed, with recommended distributions of weighting coefficients across blocks and a scale for determining time horizons for IPO preparation. The methodology assumes that IPO readiness results from the structurally coordinated interaction of all analytical blocks, rather than the strengthening of a single direction, thereby confirming the assessment’s implicative nature. A comprehensive system of methods for assessing a company’s value for underwriting has been developed, combining the income approach with discounted cash flow, dividend capitalisation, and economic profit methods, with a market approach based on multiples of similar companies. The practical significance of the study lies in the ability to identify bottlenecks in the transformational business model, minimise the risks of IPO failure, and form a roadmap for preparing Ukrainian agricultural companies to enter international stock exchanges.

Keywords: IPO, Ukrainian agricultural companies, integral readiness index, assessment methodology, financial transformation, international capital markets, corporate governance, ESG criteria, company valuation.

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Prodanchuk Mykhailo, Anzin Roman. . Methodology for assessing the readiness of ukrainian agricultural companies for ipo: an integrated approach. The journal "Ukrainian Journal of Applied Economics and Technology". 2025 / #4. 235-240pp. https://doi.org/10.36887/2415-8453-2025-4-46

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Prodanchuk Mykhailo, Anzin Roman. "Methodology for assessing the readiness of ukrainian agricultural companies for ipo: an integrated approach". The journal "Ukrainian Journal of Applied Economics and Technology". . https://doi.org/10.36887/2415-8453-2025-4-46

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