AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.66 Increased By ▲ 3.13 (2.42%)
BOP 6.89 Increased By ▲ 0.21 (3.14%)
CNERGY 4.57 Decreased By ▼ -0.06 (-1.3%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.00 Increased By ▲ 0.23 (0.27%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.06 Increased By ▲ 1.59 (2.11%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.01 Decreased By ▼ -0.54 (-0.49%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.53 Increased By ▲ 0.14 (2.6%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.67 Decreased By ▼ -0.12 (-0.3%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.74 Decreased By ▼ -0.92 (-0.46%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 159.00 Increased By ▲ 1.08 (0.68%)
PRL 26.24 Decreased By ▼ -0.49 (-1.83%)
PTC 18.35 Decreased By ▼ -0.11 (-0.6%)
SEARL 82.24 Decreased By ▼ -0.20 (-0.24%)
TELE 8.12 Decreased By ▼ -0.19 (-2.29%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.98 Decreased By ▼ -0.08 (-0.88%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.49 Decreased By ▼ -1.83 (-2.98%)
UNITY 27.52 Increased By ▲ 0.09 (0.33%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,614 Increased By 206.9 (1.99%)
BR30 31,874 Increased By 160.5 (0.51%)
KSE100 98,972 Increased By 1644 (1.69%)
KSE30 30,784 Increased By 591.7 (1.96%)

MOSCOW: 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. Russian IT company Softline on Oct. 7 became the latest firm to confirm its intention to float on the London Stock Exchange in October 2021.

Several others are now expected to follow in a flurry of activity set in motion by the initial public offering (IPO) of state shipping company Sovcomflot last October.

Real estate database CIAN, car sharing company Delimobil, food retailer Vkusvill and the SPB Exchange are all preparing IPOs in Russia and abroad among others, sources have said.

Mercury Retail Group is aiming to raise over $1 billion in a Moscow IPO by year-end, three financial market sources told Reuters.

But Russia is not immune to market fluctuations. Gold miners GV Gold and Nordgold postponed IPOs this year, citing uncertainty and volatility in the sector.

Below is an overview of major market debuts by Russian companies:

2021

Renaissance Insurance announced its intention to float on Sept. 27.

In the first half of 2021, three companies staged market debuts. Cut-price retailer Fix Price's dual listing in London and Moscow raised almost $2 billion in March, making it the biggest Russian IPO since Western sanctions were introduced in 2014.

Forestry group Segezha (Moscow Exchange; equivalent of $402 million), and healthcare provider EMC (Moscow Exchange; $500 million) followed suit in April and July.

Kismet Acquisition One Corp, a special purpose acquisition company (SPAC), completed a deal with video game developer Nexters to start trading Nexters Inc. shares on the Nasdaq in August. It was the first deal involving a company from Russia and a Russian SPAC to list shares in the United States.

2019-2020

The two major listings in 2020 were online retailer Ozon (Nasdaq; $990 million) in November and Sovcomflot (Moscow Exchange; $550 million) in October. Sovcomflot's IPO marked the first major stock exchange flotation in Moscow in three years.

Comments

Comments are closed.