Moscow Exchange officially announces IPO plans on its own floor
MOSCOW. Jan 21 (Interfax) - OJSC Moscow Exchange MICEX-RTS has officially announced its intention to conduct an initial public offering (IPO) of ordinary shares on its own trading floor - CJSC MICEX Stock Exchange.
Shares will be offered to institutional and retail investors in Russia and institutional investors outside of Russia and the U.S., as well as qualified institutional investors in the U.S.
One or both subsidiaries of Moscow Exchange will sell the shares - MICEX (CYPRUS) Ltd and LLC MICEX-Finance. All of Moscow Exchange's existing shareholders besides the Central Bank will be given the opportunity to participate in the offer as sellers through MICEX (CYPRUS) Ltd.
Credit Suisse, J.P. Morgan, Sberbank CIB and VTB Capital are acting as the joint global coordinators and joint book runners for the placement. Deutsche Bank, Goldman Sachs International, Morgan Stanley, Renaissance Capital and UBS Investment Bank are acting as joint book runners.