Moscow Exchange grants trade access for shares of SPB Exchange

MOSCOW, Nov 15 (PRIME) -- The Moscow Exchange has granted access to trade to the shares of the SPB Exchange including the securities in level 3 list, the Moscow Exchange said in a statement on Monday.

The SPB Exchange is currently collecting bids from investors for the initial public offering (IPO) on its own site. The price guidance is U.S. $10.5–11.5 per share. The exchange plans to sell up to 12.5% of the current shareholder equity, or up to 14.3 million shares, and raise around $150 million.

Trade in the shares should start on the SPB Exchange on Friday.

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