Analysts doubted that there would be enough investor interest for a Russian media and IT company employing just 500 people to launch the country’s first ever domestic IPO but RBC Information Systems has done it. “Analysts had got used to looking at hugely capitalized companies such as Gazprom,” says general director of RBC, Yuri Rovensky. “In comparison, we look very small, which made some say we were not interesting for the investors.”
The issue size may have been small – the company only raised $13.28
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