FILE PHOTO: A taxi car drives by Delimobil branded vehicles amid the outbreak of the coronavirus disease (COVID-19) in Moscow, Russia May 20, 2020. Picture taken May 20, 2020. REUTERS/Maxim Shemetov
MOSCOW (Reuters) - Russian car-sharing company Delimobil and real estate database Cian are hoping to raise around $350 million each in U.S.-based initial public offerings this autumn, financial market sources said on Tuesday, leading the Russian IPO charge in New York.
Russia is experiencing an IPO boom after several barren years following the imposition of sanctions against Moscow after Russia's annexation of Crimea in 2014. UBS earlier predicted a Russian IPO flurry of at least $10 billion this year.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
