FD and R Holloway boosted by Russian firms seeking Stock Exchange listing

FD and R Holloway & Associates have benefited from a trio of Russian firms looking to list in London, with more tipped to follow.

London Stock Exchange: Spate of Russian firms keen on securing placing
London Stock Exchange: Spate of Russian firms keen on securing placing

FD has picked up the IPO mandates of residential property firm Etalon and phone retailer Euroset, while Holloway will work with Russian bank Nomos.
 
Mobile phone retailer Euroset announced it would proceed with a London share offering raising up to $1bn, potentially making it the biggest IPO in over a year.

Etalon, which builds residential property in Moscow and St Petersburg, plans to raise around $500m from its London listing.
 
Mid-size bank Nomos is to float a 20 per cent stake in the firm, raising around $700m to strengthen its balance sheet and fund acquisitions.
 
The trio, announced last week, join Russian sugar and pork producer Rosagro, which is looking to raise $300m in London.
 
Both media reports and industry experts are expecting a significant upturn in new listings in the second quarter, particularly from companies in emerging markets looking for a London listing.  
 

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