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Investing

Russian companies raise over $1.7bn on London Stock Exchange

– Transcontainer successfully joins the Main Market today
– Rail freight operator becomes the third Russian IPO in two weeks
– Brings total number of Russian companies on the Main Market to 42

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The London Stock Exchange today welcomes Russia’s largest rail freight operator, Transcontainer to its Main Market. Transcontainer, which raised $400 million at admission, is the third Russian company to join the Main Market this month, taking the total money raised by new Russian companies in November to over $1.7 billion.

Leading food retailer O’KEY and Internet company Mail.ru, also both conducted successful IPO’s this month, raising $420 million and $912 million respectively.

Tracey Pierce, Director of Equity Primary Markets at London Stock Exchange Group, said:

“We are delighted to welcome such high profile Russian companies to our Main Market this month. These three successful IPOs highlight London’s position as the market of choice for businesses from the emerging markets, across a wide range of sectors, looking to access the world’s broadest and deepest international pool of capital and liquidity.”

There are 100 companies from Russia and the CIS region listed across the LSEG’s markets and this month’s listings brings the total number of Russian companies listed on the Main Market to 42.

International Primary Markets highlights this month include:

  • On the 3rd November international chemical company, AZ Electronic materials joined the Main Market. The premium listing raised £383 million at admission.
  • On the 5th November, Russian retailer O’KEY was admitted to the Main Market, raising $420 million.
  • Internet company, Mail.ru was admitted to the Main Market on the 11th November. The company was valued at $5.71 billion at admission and was over subscribed 20 times, raising $912 million.
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