London Stock Exchange and Micex Launch Russian Market News And IPO Portal
The London Stock Exchange and MICEX (the Moscow Interbank Currency Exchange) have jointly launched a new website (RussianIPO.com), which will provide in-depth information on the Russian and CIS capital markets as well as a means for private equity investors seeking to exit via IPO to connect with the larger investment community.
The recent decision of RUSAL to pursue its IPO in Hong Kong rather than in London may have spurred the LSE into action here by signifying a potential shift in the most popular destination for Russian IPO’s.
The LSE and MICEX signed an agreement back in 2006 to jointly promote Russian IPO’s on the LSE. RussianIPO.com is clearly designed to do just that.
The site hopes to provide a complete picture of the Russian and CIS private equity and publicly traded investment environment through publication of trading results and statistics, market news and sector and regional overviews. There is also a searchable database of company prospectuses, pricing information and events.
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