Breakingviews - Russian IPO salad hides some dodgy ingredients
Stock market listings by the country’s companies have been scarce since 2014, when President Vladimir Putin’s annexation of Crimea led to European and U.S. sanctions, which spooked overseas investors. Since then, there’s been at best a handful of IPOs each year. As recently as 2018, there were none., a $10 billion e-commerce group, listed in New York last year, while $8 billion discount retailer Fix Price made its debut in London in March.
As in other countries, the Covid-19 pandemic has accelerated some companies’ development. Online real estate listings group Cian, which Reuters last month reported is seeking to raise $350 million in New York, has benefitted from greater internet use. App-based car sharing company Delimobil, which operates a fleet of more than 18,000 vehicles and is the market leader in Moscow, is targeting a similar amount. Food retailer VkusVill taps into the trend for healthier eating.
Barring a stock market crash or a new round of more severe sanctions, Russia’s IPO pipeline is unlikely to dry up entirely. But as with a Russian salad, some ingredients will not be to everyone’s taste.- IT firm Softline launched an initial public offering in London and Moscow to raise around $400 million. On Oct. 18 it announced an indicative price range which would value the group’s equity at up to $1.9 billion.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
WSJ News Exclusive | Saks E-Commerce Unit Begins IPO PreparationsSaks is interviewing potential underwriters this week for an initial public offering that could take place in the first half of 2022 and targets a valuation of around $6 billion.
Consulte Mais informação »
Saks Fifth Avenue e-commerce unit aims for IPO at $6 bln valuation - WSJThe e-commerce business of luxury department store Saks Fifth Avenue is preparing for an initial public (IPO) offering and targeting a $6 billion valuation, the Wall Street Journal reported Sunday, citing sources.
Consulte Mais informação »
Saks Fifth Avenue e-commerce unit aims for IPO at $6 bln valuation - WSJThe e-commerce business of luxury department store Saks Fifth Avenue is preparing for an initial public (IPO) offering and targeting a $6 billion valuation, the Wall Street Journal reported Sunday, citing sources.
Consulte Mais informação »
Nord Stream 2: The Russian pipeline that everybody’s talking aboutRemote, quiet but energy-rich: the coastal area of Lubmin in north Germany hosts the world's most controversial gas pipeline.
Consulte Mais informação »
WSJ News Exclusive | Saks E-Commerce Unit Begins IPO PreparationsSaks is interviewing potential underwriters this week for an initial public offering that could take place in the first half of 2022 and targets a valuation of around $6 billion.
Consulte Mais informação »