Private Equity Russia

The supposed pipeline of Russian IPO’s this year may reach $20 billion.  Following Oleg Deripaska’s IPO of RUSAL in Hong Kong, the big question is, what will be the IPO destination of choice – London or HK?  (New York, it seems, is not even in the running).  Foreign traded shares still sell at a significant premium to domestic shares, based on convenience and worries about transparency, regulations and liquidity on the domestic market.

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