Support The Moscow Times!

MegaFon Delays IPO

MegaFon has postponed its initial public offering until mid-fall, Vedomosti reported Tuesday, citing two sources close to the offering's participants.

MegaFon could make a placement once the market situation improves, a source at MegaFon's board of directors said. Meanwhile, a MegaFon spokesman said the company was fully prepared for an IPO.

MegaFon initially planned the IPO for July but subsequently postponed it until September because of the turmoil caused by the eurozone crisis.

(MT)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more