Stock Groups

Moscow Exchange expects four more IPOs by year-end -Breaking

by Mike Robinson

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© Reuters. A view of the interior shows Moscow Exchange’s headquarters in Moscow (Russia), April 27, 2021. REUTERS/Maxim Shemetov

MOSCOW (Reuters). – Four initial public offerings (IPOs), are expected by Moscow Exchange before the end of this year according to Oleg Vyugin. He is the chairman of Russia’s largest bourse.

Russia’s listing market is witnessing a rebound after a decade of barrenness. This has been fueled by a strong post-pandemic economy and record stock markets.

Renaissance Insurance Group raised $250 Million less than it originally planned. It was the first to issue shares in Moscow at 120 Rubles ($1.69) for one normal share.

Softline, CIAN (real estate database) and Delimobil (car sharing company), all plan to debut on the Moscow stock exchanges and foreign stock markets in the very near future.

($1 = 70.9575 Rubles

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