Moscow Exchange expects four more IPOs by year-end

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An inside view reveals the headquarters of Moscow Trade in Moscow, Russia April 27, 2021. REUTERS/Maxim Shemetov

MOSCOW, Oct 21 (Reuters) – The Moscow Trade expects 4 preliminary public choices (IPOs) by the top of the 12 months, Oleg Vyugin, chairman of the supervisory board of Russia’s largest bourse, stated on Thursday.

A post-pandemic financial restoration and a inventory market surge to file highs are fuelling a pick-up in listings in Russia following a barren few years.

Renaissance Insurance coverage Group was the most recent to supply shares in Moscow at 120 roubles ($1.69) per one strange share, elevating $250 million, under its preliminary targets.

IT firm Softline, actual property database CIAN and automobile sharing firm Delimobil are all planning market debuts in Moscow and on international inventory exchanges within the close to future.

($1 = 70.9575 roubles)

Reporting by Olga Popova; writing by Andrey Ostroukh; enhancing by Jason Neely


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