⁍ VTB Capital and BofA Securities estimate Sovcomflot’s pre-IPO enterprise value at $4-$5 billion.
⁍ Russia’s top shipping company plans to raise at least $500 million in the IPO on the Moscow Exchange.
– Sovcomflot, Russia’s top shipping company, plans to raise at least $500 million in an IPO on the Moscow Exchange, it said earlier on Tuesday. Citigroup Global Markets, Sberbank CIB, and JPMorgan are arranging the offering along with VTB Capital and BofA Securities.
Source: https://www.reuters.com/article/russia-sovcomflot-ipo-value/two-of-russias-sovcomflot-ipo-organisers-estimate-its-ev-at-27-5-bln-sources-idUSR4N2F901F