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Moscow Stock Exchange Values Shares at 55-63 R
13.02.2013 22:26
Moscow Stock Exchange Values Shares at 55-63 R
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The price of its shares will range between 55 to 63 roubles, says a press release of the bourse.

In case of a higher-than-expected demand, the Moscow Stock Exchange may another 5 billion in shares.

The IPO is slated for February 15, with bids to be forwarded to Sberbank, one of the bookrunners of the floating.

One of the conditions of the RTS and MICEX merger completed in December 2011, the new company has to conduct an IPO no later than mid-2013, or otherwise face a penalty

Author: Mikhail Vesely

Tags: Moscow Stock Exchange RTS MICEX Sberbank  

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