Russia has seen an IPO boom in recent years as a means for leading companies to attract investment.
"The placements are expected to raise no less than $30-50 billion," Alexander Potyomkin told the 10th Russian economic forum in London.
He said fuel, energy and telecommunications companies will traditionally lead the way, and MICEX expects metals companies as well as private banks to increase their share.
Potyomkin said the Russian stock market should not fear a possible soap bubble effect. "Price fluctuations show that the market is careful about buying shares," he said, adding that the market had seen almost no growth in the first three months of the year.
He said the market could suffer upheavals with mass IPOs by Russian companies, while only 200 companies have been listed to date, against 800 on the Shanghai stock exchange.
Renaissance Capital, one of the leading Russian IPO organizers, expects Russian companies to hold about 70 IPOs in 2007.
Igor Yurgens, the first vice president of the investment group, said he backed the initiative by Russia's market regulator, the Federal Financial Markets Service, to increase the share of IPOs on the Russian stock exchange.
Current regulations restrict the placement of shares on Russian markets to no less than 30% of the offering.
But he said that increasing the share was only possible if the financial infrastructure improved, for instance through the establishment of a central depository. He added that as a result, the Russian stock exchange had a chance to outstrip the trading floors of Central and Eastern Europe.
He also called for assisting Russian companies in expanding to foreign markets, which he said would be advantageous for the country's economy.
