No less than 85 IPOs expected from Russia

While the IPO market is still waiting for deals to roll, Russian consultancy PBN Company identified 85 Russian businesses that are supposedly ready for an IPO within the next three years. PBN said that share offers are primarily expected from politically relevant sectors such as infrastructure, engineering, technology and agriculture. The figure was published after companies from Russia raised almost $30bn through equity offerings in 2007, more than any other European country. Read more about the Russian IPO outlook in EuroWeek on Friday.