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
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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Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.
The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services.
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at http://www.londonstockexchangegroup.com/.
About the Main Market:
The Main Market is the London Stock Exchange's flagship market for international and domestic businesses looking to access Europe's most liquid pool of capital. Home to over 1,400 companies from more than 60 countries, the Main Market is the world's most international market for the listing and trading of public equity and debt. Main Market companies come from 42 sectors and vary widely in size, covering a spectrum from fledgling growth companies to global multinationals. Companies on the Main Market currently have a combined capitalisation of over £3.8 trillion.