Segezha starts Moscow IPO attempt

By Sam Kerr
12 Apr 2021

Segezha, the Russian paper and pulp company, has filed initial paperwork for an IPO on the Moscow stock exchange. The company is hopeful of becoming the first listed Russian company in its sector, but IPO market turbulence and sanctions fears hang over the offering.

The listing will consist of a primary sale of newly issued shares to raise at least Rb30bn ($388m) and a 15% greenshoe sold by the company’s major shareholder Sistema.

Proceeds from the primary offering will be deployed to accelerate the company’s growth by financing value accretive investments and ...

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