discuss this i'm joined by daniel salter here in the studio with me here is chief e.m.e.a. equity strategist unicredit securities we also have denise he is c.e.o. of a group of companies but an heiress he's editor in chief of business new europe and little your logo she is chief economist for back all right daniel i want to start with you first here let's go back to two thousand and six two thousand and seven that was the last time we had a real slew of i.p.o.'s russian i.p.o.'s then we had the financial crisis and now again we have another slew of i.p.o.'s coming from russia listing elsewhere we'll get to that later what's different now than in two thousand and six in two thousand and seven i think what we saw in two thousand and six and two thousand and seven was the russian economy was really booming at this stage and a lot of the companies listing in two thousand and six to two thousand and seven were new companies in the sector so we're going to be the first representative of the retail sector or the real estate sector lots of new sectors will come into the market peop