Moscow Exchange officially announced IPO plans on 21 January. Bookrunners value the exchange at $4,2-6bn. Financial market sources say the exchange is targeting a valuation as rich as $500 million.

The first Moscow Exchange MICEX-RTS top management IPO meeting with investors is due on Monday, 4 February, said a Western fund source, who had been invited by the bookrunners.

The investor meeting is planned to be held by Head of Exchange Alexander Afanasiev, Moscow Exchange Primary Market Development MD Ekaterina Novokreshchenykh, Derivatives Market MD Roman Sulzhik, and CFO Evgeny Fetisov, who recently joined the exchange from Da Vinci Capital.

Joint global coordinators and bookrunners are Credit Suisse, J.P. Morgan, Sberbank CIB and VTB Capital, joint bookrunners are Deutsche Bank, Goldman Sachs International, Morgan Stanley, Renaissance Capital and UBS.

Trading infrastructure, Project Group №1