SPB Exchange offers shares at $11.5 per piece in Russian IPO

MOSCOW — Russia’s second-largest bourse, SPB Exchange, said on Thursday it was offering shares in a listing on its own trading platform at $11.50 each, the upper boundary of earlier price guidance. “Based on the offering price, the implied equity value of the company corresponds to $1.3 billion on a pre-money basis,” SPB Exchange said [……
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