Russian stock markets rise more than 20%, the highest growth in ten years

A man looks at a display that indicates the value of currencies, in Moscow, Russia, in a file image. EFE / Maxim Shipenkov

Moscow, Dec 30 (EFE) .- This year has been the most successful of the last decade for the Russian stock market thanks to the commitment to IPOs (initial public offerings), which meant a growth of the stock market of more than 20 %, to reach 8.700 million dollars.
The Moscow Stock Exchange (MOEX) carried out six IPOs, with the placement of shares both in Russia and in international spaces, which included the Fix Price commercial network; the Segezha Group lumber business group; the European Medical Center (EMC) or the Russian insurer Renaissance Insurance.
In addition, this year the Saint Petersburg Stock Exchange, MOEX’s main competitor, also successfully presented a public offering.
In total, the seven offerings from both exchanges amounted to $ 3.9 billion, to which was added $ 4.8 billion in SPOs (secondary public offerings).
A year earlier, SPOs contributed $ 5.2 billion, while IPOs, three in total, totaled $ 1.9 billion.
The largest transaction of the year corresponded to Fix Price’s IPO of $ 1,770 million, thanks to which it became the second largest in Russian history, after the telephone company Megafon in 2012.



Reference-www.infobae.com

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