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Moscow Exchange IPO Oversubscribed More Than Twice

15.02.2013 12:10 / Interfax

The Moscow Exchange IPO book was oversubscribed more than twice at RUB 55 per share, the bottom of the range, Exchange Head Alexander Afanasiev told the press Friday.

Thus, according to Afanasiev, the Stock Exchange IPO raised over RUB 30bn.

He did not mention the amount of investors who took part in the bidding, mentioning “dozens of funds”.

Afanasiev said the bid allocation was “an even spread”. "There were no anchor investors", he stated.

He also pointed out that the bulk of the bids came from London, continental Europe, the USA and Asia.

Trading infrastructureProject Group №1Alexander Afanasiev