The offer failed to beat oil company Rosneft’s $10.7 billion IPO, issued last year and the biggest ever Russian equity issue. Sberbank needs to raise the money to support a lending boom. Sberbank is seen as a proxy for the Russian economy and is the only liquid banking stock in the Russian market.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
