SPB confirms plans to list shares in Russia and U.S.

  • 10/18/2021
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MOSCOW, Oct 18 (Reuters) - Russia’s SPB Exchange said on Monday it was considering an initial public offering (IPO) on its own platform later this year and was planning to apply for a U.S. listing in the first half of 2022. Russia’s second-largest bourse, which specialises in listing foreign securities, hoped to raise $150 million in an IPO on its own bourse before the year-end ahead of a larger U.S. listing in the first half of 2022, people familiar with the matter told Reuters earlier this month. (Reporting by Andrey Ostroukh Editing by Chris Reese) Our Standards: The Thomson Reuters Trust Principles.

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