NYSE sees chance as Russia reforms spark listings tussle
London’s dominant position for Russian IPOs could come under threat from other international as well as domestic exchanges as Russia moves forward with financial reform, said participants in Sberbank’s Russia Forum this week.
If those changes encourage Russian companies to move towards domestic listings, the US for example, could find competitive advantage in its geographic distance and diverse investor base.
There is a shift occurring, as progress is made on reform, that will compel people to do more business in Moscow, said
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