Wireless carrier MegaFon, fresh off a $1.7 billion share offering, was added to MSCI Global Standard and Russia Indices, benchmarked by many large institutional investors, MSCI said Thursday.
The market index provider said in a statement that MegaFon's global depositary receipts would be added to the large-cap segment of the Global Standard Indices effective Dec. 12.
MegaFon priced its London and Moscow offer at the bottom of its guided range Wednesday, which valued it at $11 billion and created a market alternative to established New York-listed Russian peers MTS and VimpelCom.
(Reuters)
