Shares of Credit Bank of Moscow Begin Trading on Moscow Exchange
Trading in shares of Credit Bank of Moscow began today on Moscow Exchange under the ticker CBOM. The initial public offering process ran from 22 June to 30 June.
A total of 3,639,683,500 shares were offered through the IPO at 3.62 rubles apiece. 18.8% of the company’s shares were placed via the offering, raising a total of RUB 13,175,654,270.
Vladimir Chubar, Chairman of the Management Board, said:
“Public trading in our shares marks a completely new stage in the life of the company. We are delighted that Credit Bank of Moscow”s investment story has proved attractive to a wide range of investors and that we were able to form a quality and diversified order book. We”re pleased with the outcome of the IPO and welcome our new shareholders.”
Alexander Afanasiev, Chief Executive Officer of Moscow Exchange, said:
“Credit Bank of Moscow”s IPO is the fifth equity offering carried out on Moscow Exchange this year. We know the bank well as an active participant on the Exchange”s FX Market: it is a strong bank with a modern and efficient business model. The successful placement of shares among a broad pool of investors is one additional confirmation that the market remains open for high-quality issuers. We wish Credit Bank of Moscow well in its life as a public company.”
Effective 22 June 2015 Moscow Exchange raised Credit Bank of Moscow”s shares to the First Level quotation list, the premium listing segment.
VTB Capital acted as sole global coordinator and bookrunner on the offering with GK Region and Aton acting as co-lead managers.
Source: Moscow Exchange
