Russian IPOs could revive in 2017 as EM funds return
Bankers hope 2017 will prove a more vibrant year for Russian IPOs, after the country's stockmarket was one of Europe's best performers last year and Western investors are thawing towards it.
“The ECM pipeline for this year is much stronger than it was in recent years,” said Dmitry Bolyasnikov, executive director for equity capital markets at VTB Capital in Moscow. “However, the deal flow will still be dominated by follow-ons."This week, the first Russian IPO of the year was ...
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