By Reuters Staff
2 Min Read
MOSCOW, April 8 (Reuters) - Russian forestry group Segezha is set to announce plans for an initial public offering (IPO) in Moscow next week, three financial market sources told Reuters on Thursday.
Russian firms have lined up for equity raising this year, with a $2 billion London IPO by low-price retailer Fix Price in March. The domestic market has been hit by new U.S. sanctions talk, however, prompting gold miner GV Gold to postpone its IPO.
Segezha, controlled by conglomerate Sistema, aims to raise $400-$500 million, sources have told Reuters, and potential investors are receiving invitations to join pre-marketing.
Russia s Segezha aims to announce IPO plans next week -sources reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
London Lands Russian Retailer’s Landmark Offering
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As the Russian economy continues to emerge from the coronavirus, and as long as investors are hungry for new issues from Russia, it’s likely there will be more IPOs by Russian companies: but likely more in London than New York.
April 02, 2021
The largest initial public offering by a Russian company since 2014 hit the London Stock Exchange (LSE) early last month when retailer Fix Price raised $2 billion through a share sale. The offering, at the top of the target range and the largest ever for a Russian retailer, valued the company at $8.3 billion.
Successful IPOs by Russian companies have woken up market, its volumes will grow - bankers
MOSCOW. April 7 (Interfax) - Recent successful IPOs by Russian issuers, including Ozon and retailer Fix Price , have stirred the market: more and more companies from Russia are thinking about public offerings, and the volume of this market will grow in the near future, according to bankers and investors who participated in the relevant session of the Exchange Forum organized by the Moscow Exchange . We re talking about valuing the pipeline for 2021-2022 at 10-12 billion dollars equivalent in terms of public transactions in the equity market. I think we will see both the old economy and quite actively the new economy , more than 50% [of the total IPO volume] will be the new economy, Gazprombank first vice president Denis Shulakov, said at the session focusing on the equity capital market boom.
Пандемия ускорила рост числа банкротств россиян rg.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rg.ru Daily Mail and Mail on Sunday newspapers.