Russia set for IPO boom as investor sentiment warms
Equity capital markets investors should prepare for a pipeline of new Russian stock market listings for as early as this year, according to several bankers working on the deals. A strong year for block sales in 2019 will be followed by some sizeable IPO activity on the Moscow exchange.
Several large IPOs are being worked on for execution this year, with Russian Steel pipe manufacturer Chelpipe and Sovcombank both being talked about as contenders for the first half of 2020; both are likely to be Moscow listings and Chelpipe could be launched as early as next month.The ...
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