Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Mostotrest Raises $388M

Mostotrest raised $388 million in an initial public offering after pricing shares at the bottom of its $6.25 to $8 range, the construction company said.

Mostotrest sold 62 million shares at $6.25 apiece, valuing the company at $1.6 billion. Deutsche Bank,

JPMorgan Chase and Troika Dialog managed the sale, Mostotrest said in a statement last week.

“The success of the IPO is evidence of the high potential and broad opportunities of the Russian infrastructural sector in the securities market,” Andrew Chulack, head of global banking at Deutsche Bank in Russia, said in e-mailed comments. The IPO attracted the most demand from Britain, with its institutions representing 57 percent of the offering, he said.


Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.