Moscow Exchange to launch trade in Sovcombank shares on Dec 15

MOSCOW, Nov 30 (PRIME) -- The Moscow Exchange plans to launch trade in the shares of Russia’s Sovcombank on December 15, as seen by PRIME on Thursday in the bourse’s materials.

The shares will be included in the first quotation list.

Sovcombank has been ready for an initial public offering (IPO) for several years waiting for the right moment. It registered an additional share issue in 2020.

In November, Kommersant business daily reported that Sovcombank had planned to hold the IPO in December and raise about 10 billion rubles.

(88.8841 rubles – U.S. $1)

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