Russian Silicon Valley Plans First IPO as Venture Capital Booms
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The Kremlin’s innovation incubator plans to hold the first in a series of share sales by technology companies this year, buoyed by record venture capital investment in the country.
The first tenant of the Skolkovo Foundation technology park to go public will be VIST Mining, a software developer for metals companies that expects to raise $50 million selling stock in the next few months, Skolkovo Vice President Conor Lenihan said in an interview yesterday.