Biden sanctions threat could freeze growing Russian IPO wave

Biden_Putin_Alamy_March11_575x375.jpg
By Sam Kerr
11 Mar 2021

The Russian IPO market has a strong pipeline of listings being prepared for execution over the rest of the year. However, getting deals done could grow much harder with the threat of fresh sanctions against the country from a new US president threatening to derail the market.

US sanctions imposed in April 2018 effectively halted all IPO activity until May the following year, when Headhunter, the IT services firm for recruitment companies, was listed on the US Nasdaq.

Since the start of 2020 there have been eight large Russian IPOs, contributing a combined issuance volume ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial