Russia on track for bumper year of share sales as local IPOs may exceed $10bn
Russia has an active retail buyer base, which boosted trading volume during lockdowns, so companies are not taking their IPOs overseas
16 February 2021 - 16:21
Moscow — Russia is on track for a blockbuster year of share sales, led by gold miners, e-commerce companies, and other firms emerging stronger from the pandemic.
Initial and secondary public offerings by Russian companies on domestic and foreign exchanges could exceed $10bn in 2021, according to Alex Metherell, co-head of global banking at VTB Capital, the investment-banking arm of Russia’s second-biggest lender. That would be the strongest showing in at least eight years, Dealogic data show...
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