Connect to share and comment

Russia exchange earns disappointing $4.2 bn valuation

February 15, 2013 08:31
The Moscow Exchange was priced Friday at $4.2 billion in a disappointing flotation that valued Russia's main bourse at the lowest end of its own estimates. The valuation was a blow President Vladimir Putin's efforts to transform Moscow into a global financial centre and underscores analyst mistrust of a bourse now mired by low volumes and regular trading in just a few big stocks. The exchange -- formed in a 2011 merger of the MICEX and RTS trading floors -- said the price for the initial public offering had been set at 55 rubles after a 10-day roadshow in Moscow and abroad.

Russia exchange earns disappointing $4.2 bn valuation

February 15, 2013 05:48
The Moscow Exchange was set for a relatively disappointing flotation Friday after Russia's main trading platform was valued at $4.2 billion, well below its own valuation estimates. The news deals a blow to President Vladimir Putin's efforts to transform Moscow into a global financial centre and underscores analyst mistrust of a bourse now mired by low volumes and regular trading in just a few big stocks. The exchange -- formed in a 2011 merger of the MICEX and RTS trading floors -- had set its floatation price range at 55-63 rubles ($1.84-$2.10 / 1.34-1.55 euros) per share.

Moscow Exchange sets IPO valuation target of $4.6 bn

February 4, 2013 05:30
Russia's main stock exchange said on Monday that its initial public offering set to be held in Moscow later this month will value the company at $4.0-4.6 billion (2.9-3.4 billion euros). The Moscow Exchange -- formed in a 2011 merger of the MICEX and RTS bourses -- set its price range at 55-61 rubles ($1.84-$2.10 / 1.34-1.54 euros) per share for the February 15 listing. The exchange said in a statement that it hoped to raise more than $500 million from the offering so that it can boost the capitalisation of its clearing subsidiary and improve its IT infrastructure.

Moscow Exchange sets IPO valuation target of $4.6 bn

February 4, 2013 04:46
Russia's main stock exchange said on Monday that its initial public offering set to be held in Moscow later this month will value the company at $4.0-4.6 billion (2.9-3.4 billion euros). The Moscow Exchange -- formed in a 2011 merger of the MICEX and RTS bourses -- set its price range at 55-61 rubles ($1.84-$2.10 / 1.34-1.54 euros) per share for the February 15 offering. The exchange said in a statement that it hoped to raise more than $500 million from the offering so that it can boost the capitalisation of its clearing subsidiary and improve its IT infrastructure.
Syndicate content