Moscow Exchange held an IPO

The Moscow Exchange completed the IPO, investors were found, everything is in order. The book of applications for the purchase of shares even had to be re -signed twice: the exchange raised about $ 1 billion against the initially planned $ 500 million. This is the most significant public placement on the Russian exchange after 2007 (then the placement of Polymetal OJSC amounted to $ 630 million).

The press release of the Moscow Exchange reports that as a result, the volume of placement amounted to 15 billion rubles, provided that during the stabilization period (30 days), no shares will be redeemed from the market. Of this amount of the shares for 9 billion rubles were sold by existing shareholders through the offshore MICEX (Cyprus) LTD, and for the remaining 6 billion rubles the shares were sold to MMEVB-Finance LLC.

The start of the bidding was scheduled at 12:05 Moskovsky time at the Moscow Exchange under the Moscow Exchange under the MoEx code.

The price price is set as part of the previously announced range - at the level of 55 rubles per share, that is, along its lower border. Given this price, the market capitalization of the Moscow Exchange at the time of the start of the auction amounted to about 126.9 billion rubles (about $ 4.2 billion).

Foreign analysts about the placement of the Moscow Exchange note that although risks can outweigh risks in the short term, for long -term investors this is a profitable investment.

Until July, the Moscow Exchange promised to hold the IPO to shareholders of the RTS exchange absorbed in 2011 to agree to exchange their shares for its papers. Deputy Chairman of the Central Bank of the Russian Federation Sergey Shvetsov said:

“The placement of shares in the Moscow Exchange is the most important event for both the exchange itself and for the entire Russian financial market. The Russian economy is one of the most rapidly developing among large economies in the world, and the Moscow Exchange plays a key role in this development. ”