The Moscow Exchange is launching its initial public offering today, putting 15bn rubles’ (497.5m dollars’) worth of stock on sale on its own platform and having set the per-share price at 55 rubles ($1.83).
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A statement from the exchange values the bourse at 126.9bn rubles ($4.2bn).
VTB Capital, as stabilising manager of the IPO, will have the right to acquire up to 13% of the total number of shares floated. The brokerage has a period of 30 days to do so.
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