MICEX-RTS might announce IPO-organizers in 2 to 3 wks - exchange
MOSCOW. Feb 3 (Interfax) - The unified stock exchange MICEX-RTS might announce the organizers of its 2013 IPO in two to three weeks, the exchange's president, Ruben Aganbegyan, told Interfax.
"We've looked at 20 banks. Meetings have been held with over 10 banks. So far, a decision on selecting the organizers still hasn't been made," he said.
He added that exchange already has an active tender commission, which is selecting the organizers. The commission does not only decide on the organizer list but also on the structure of there commissions, as well as the role of each of the banks.
"I hope that this [the selection of organizers] will happen in two to three weeks. This could happen a bit sooner or a bit later," he said.
Media reported earlier surfaced claiming that the exchange had already decided on a list of potential organizers. "It is a mystery to me where this information has come from," Aganbegyan said.
In addition, he said that the exchange might be ready to hold the IPO by the end of 2012. "We will see in the future what the organizers recommend," Aganbegyan said.
It was earlier reported that a memorandum on the merger of the MICEX and RTS said that the unified exchange could hold an IPO in 2013.