Micex-RTS Said to Plan $1 Billion IPO as Soon as February
The sale is set to raise as much as $1 billion, valuing the exchange at about $4 billion, said three people, who asked not to be named as the details aren’t public. Credit Suisse Group AG (CSGN), JPMorgan Chase & Co. (JPM), OAO Sberbank (SBER) and VTB Capital are among banks managing the IPO, two people said.
Officials at Credit Suisse, JPMorgan and Micex-RTS declined to comment. A spokeswoman for Sberbank didn’t immediately comment and an official at VTB didn’t respond to a request for comment.
Russian companies including freight company NTS Holding Plc and payments operator Qiwi are considering IPOs after Russia’s second-largest cellular operator Megafon OAO (MFON) raised $1.83 billion in an IPO in London and Moscow last year.
The news was previously reported by RIA’s Prime news service.
To contact the editor responsible for this story: Jacqueline Simmons at firstname.lastname@example.org