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Moscow Exchange expects four more IPOs by year-end

Published 10/21/2021, 04:32 AM
Updated 10/21/2021, 04:35 AM
© Reuters. An interior view shows the headquarters of Moscow Exchange in Moscow, Russia April 27, 2021. REUTERS/Maxim Shemetov

MOSCOW (Reuters) - The Moscow Exchange expects four initial public offerings (IPOs) by the end of the year, Oleg Vyugin, chairman of the supervisory board of Russia's largest bourse, said on Thursday.

A post-pandemic economic recovery and a stock market surge to record highs are fuelling a pick-up in listings in Russia following a barren few years.

Renaissance Insurance Group was the latest to offer shares in Moscow at 120 roubles ($1.69) per one ordinary share, raising $250 million, below its initial targets.

© Reuters. An interior view shows the headquarters of Moscow Exchange in Moscow, Russia April 27, 2021. REUTERS/Maxim Shemetov

IT company Softline, real estate database CIAN and car sharing company Delimobil are all planning market debuts in Moscow and on foreign stock exchanges in the near future.

($1 = 70.9575 roubles)

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