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MICEX-RTS May Float in Q4 2012, Given a Positive Market
10.02.2012 18:06 / Interfax
“The original plans are to be ready by end- 2012, and proceed if the market is right”, he said.
Ulyukaev said that the exchange is ready to float in Q4 this year. “Today we are able to become fully ready for a fourth-quarter IPO, if the market allows, we will float, if conditions are not favourable enough, we will postpone”, he added.
First Deputy Chairman of the Central Bank of Russia noted that the bookrunners and financial consultants have already been selected for the stock exchange IPO. He added that the working group has proposed their candidates, and the MICEX-RTS Board of Directors has yet to approve them.
Ulyukaev said that the IPO has generated interest among strategic investors, major exchanges and financial investors.
“We expect the IPO to generate at least USD 6bn worth of capital, allowing the stock exchange to effectively concentrate liquidity on the Russian trading floors”, he stated.