Credit Bank of Moscow IPO revives Russia

摘要

Bookbuilding will begin on Monday for credit bank of Moscow's Rbs39.64bn (US$730m) Moscow stock exchange listing. The IPO is only the second from Russia since supermarket chain Lenta floated in London and Moscow in February 2014. Lenta's offering totalled US$952m-equivalent and led a decent pipeline of new issues planned for the rest of the year, but politics intervened.