Tinkoff Investments will develop its investment banking business and will be involved in the placement of stocks and bonds. It plans to focus on issuers of the new economy. According to the forecast of vice-president of Gazprombank Denis Shulako, IPOs in 2021-2022 may amount to $10-12 bln. At the same time more than half of the placements may be represented by the companies of the new economy.