Moscow Exchange’s $500m float offers discount and dividends
Moscow Exchange began bookbuilding on Monday for a Rb15bn ($504m) IPO that is set to give the company a post-money valuation of as much as Rb136bn.
Bankers set a range of Rb55-Rb63 per share on the domestic float, which at the bottom gives a 25% discount to Warsaw’s exchange. The company also announced a new dividend policy, paying almost twice as much as before, in a bid to entice investors.
The Rb15bn gross proceeds will ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
Further Reading
-
Africa
Africa Finance Corp mandates for Swissie return
-
IPOs
Aramco chooses local deal over international book
-
People News
EM investors jump ship following SRI disagreement
-
GlobalRMB
The week in renminbi: China and US talk trade, CSRC revokes licences of local securities house, HK tension intensifies
