Sausage sliced: sanctions stall Cherkizovo IPO
Cherkizovo, the Russian meat and sausage producer seeking to list on the Moscow Exchange, has failed to get its re-IPO away, citing market volatility for postponing the deal.
JP Morgan, Goldman Sachs and Sberbank were global coordinators on the $300m-plus secondary public offering.
Cherkizovo is the second Russian equity capital markets deal to be postponed during the past fortnight. IBS IT, a Russian technology company, froze its IPO last Monday.Russian equities have been in ...