MegaFon Files for IPO in Biggest Russian Share Sale Since 2007

MegaFon Files for IPO in Biggest Russian Share Sale Since 2007

Alexander Zemlianichenko Jr./Bloomberg

MegaFon’s IPO is a part of shareholder agreement reached in April when billionaire Mikhail Fridman’s Altimo cashed out of the operator and Usmanov boosted his ownership to a controlling stake, resolving years of governance disputes with TeliaSonera.