Taking stock three months on: Tinkoff Credit Systems and Alrosa
After a tough start to 2013, Russia and the emerging markets found health in October with a run of four IPOs in a week. At the time, many said that the aftermarket would be the true test of EM appetite — and Alrosa and Tinkoff Credit Systems (TCS) stand as stark demonstrations of the dangers and benefits of playing the Russian market.
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