Share Surge Thwarting World’s Best QE3 Rally

Share Surge Thwarting World’s Best QE3 Rally

Andrey Rudakov/Bloomberg

The Moscow-listed stock of Sberbank, Russia’s biggest lender, has dropped 2.9 percent since its Sept. 18 offering, while shares of VTB Group, the second-largest bank who raised $8 billion in a 2007 IPO, have slumped 6.2 percent.