Midsized lender Orient Express plans to launch Russia’s first initial public offering in the banking sector since the financial crisis struck in 2008, its chief executive said in an interview.
“We plan an IPO as it lets us to take up the market position and raise additional capital. … There is no sense to tap the market with less than $200 million [offering],” said CEO Sergei Vlasov, who has a 15.6 percent stake in the bank.
(Reuters)
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