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Russia’s Renaissance Insurance Raises $250 Million in Moscow IPO

  • Sale values online insurance group at low end of price range
  • Deal is first of several Russian IPOs expected this autumn
Abramovich-Backed Renaissance Insurance Prepares for IPO
Photographer: Andrey Rudakov/Bloomberg

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Renaissance Insurance Group JSC, Russia’s largest online policy provider, sold 17.7 billion rubles ($250 million) of new shares in an initial public offering at the low end of its price range.