Russia

IPOs in Russia

Guy Grayson, Norton Rose, Moscow

The Russian benchmark Russian Trading System (RTS) index reached an all-time high of 571 in October 1997, crashed to an all-time low in October 1998 of 37 and since then has climbed to the 430 mark. Guy Grayson and Pavel Pugatchev from Norton Rose’s Moscow office look at this market in what may provide to be the dawn of the IPO by Russian companies.