MOSCOW: Russian investment group Aton is considering an initial public offering (IPO) in 2022, potentially joining Russia’s corporate listings spree that started last year, three sources familiar with the company’s plans said on Tuesday.

After a barren few years, IPO activity has gained pace in Russia thanks to a post-pandemic economic recovery, a global stock market surge and the growing number of retail investors.

A source familiar with Aton’s preparation for the IPO said the brokerage is aiming at offering shares to retail investors and could raise between $100 and $200 million.

Aton would like to list its shares within nine months and is now picking banks to arrange the deal, another source familiar with Aton’s plans said.