Nomos Bank to start IPO pre-marketing this week
MOSCOW. March 22 (Interfax) - Nomos Bank will begin pre-marketing for its upcoming initial public offering, financial-market sources have told Interfax.
One of them said he would be meeting with the bank on Thursday. Another said that Deutsche Bank had invited him to a meeting with a financial institution on Wednesday, but not specifically which one. Deutsche Bank, along with Credit Suisse, VTB Capital, and Citi are the organizers for the Nomos Bank IPO.
A source in banking circles told Interfax on Tuesday that an estimate on the bank's capitalization is still being finalized. He said that estimate earlier sounded through media outlets (1.3 of equity) was extremely undervalued. The source said that the estimate on Nomos-Bank comes to over 1.5 of equity.
The bank plans its primary share offer on the London Stock Exchange and is looking to raise some $600 million.
The main beneficiaries in Nomos-Bank are IST co-owners Alexander Nesis (with 18.66% of the voting shares), Nikolai Dobrinov and Alexei Gudaitis (each with 12.03%). The bank's president Dmitry Sokolov and his predecessor Igor Finogenov each own 4.15% of the voting shares in the bank.
PPF Group, which is owned by Czech businessman Petr Kellner, owns 28.25% of the voting shares in Nomos-Banks and Lobston Enterprises Ltd, owned by Slovak businessman Roman Korbacka, holds 18.87%.
Nomos-Bank was 14th biggest bank by assets in Russia at the end of 2010 according to the Interfax-100 ranking compiled by the Interfax Center Economic Analysis.