Mon, Feb 1 2010
Feb 1 (Reuters) - Russian companies are planning dozens of initial and secondary share offerings in 2010 as the global economy recovers and investors seek risk again.
UC RUSAL, the world's biggest aluminium producer, has just raised $2.2 billion -- or roughly 75 percent of the $3 billion that Russian companies got from equity market in 2009 -- in an initial public offering in Hong Kong.
Following are initial public offerings in the pipeline for companies in Russia and former Soviet republics:
SUEK up to $1.5 bln Q2
SUEK, a leading coal producer, plans to list its shares in London later this year, possibly in the second quarter. The group would raise about $1 billion via a 10 percent flotation.
Kuzbass Fuel Company $300 mln Q1
Kuzbass, Russia's seventh largest steam coal miner, could raise about $300 million via an additional share sale in the first quarter.
Metalloinvest up to $2 bln TBC
The Russian iron and steel firm half-owned by Alisher Usmanov could raise $1-$2 billion and may take a decision on the IPO at the end of the first quarter.
ProfMedia $500 mln April 2010
The media group plans to float up to 40 percent of its shares in an initial public offering in April. Bank of America Merrill Lynch and Credit Suisse are the bookrunners for the planned $500 million listing.
Polymetal $300 mln TBC
The Russian precious metals miner plans to raise some $300 million via a placing of up to 10 percent of its shares.
LSR up to $600 mln TBC
The real estate company could carry out a secondary placement this year in Moscow and London. The company may raise $300-$600 million.
Victoria TBC TBC
The medium-sized Russian grocery chain is considering an initial public offering and has hired Goldman Sachs and Renaissance Capital as advisors.
(Compiled by Dmitry Sergeyev; Editing by David Holmes)
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