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$25.95 -0.4  -1.3%

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Large Cap
Market Cap £4.05bn
Enterprise Value £4.12bn
Revenue £1.62bn
Position in Universe 176th / 1807

FACTBOX-En+ debut marks the return of Russian IPOs to London

Fri 3rd November, 2017 12:40pm
Nov 3 (Reuters) - The $1.5 billion initial public offering 
(IPO) of Russia's En+  ENPLq.L  is the first major float of a 
Russian company in London since 2014, when Russia's annexation 
of Ukraine's Crimea peninsula triggered Western sanctions on 
    Below follows an overview of the equity listings by Russian 
companies in London:  
    * Before 2014, London was the preferred destination of 
companies for their market debut: 67 of the 117 Russian IPOs 
were held there between 2005 and 2014. 
    * Another 37 Russian IPOs were held in Moscow in the same 
    * Since financial conglomerate Sistema  AFKS.MM   SSAq.L  
$1.5 billion in an IPO in February 2005, Russian and CIS 
companies have raised more than $72 billion in new and further 
offerings on the London Stock Exchange. 
    * Before En+, the last Russian company to hold a primary 
offering in London was retailer Lenta  LNTAq.L , raising $952 
million in February 2014. 
    * The biggest Russian IPO to date was a $10.7 billion float 
by oil 
major Rosneft  ROSN.MM   ROSNq.L  in London and Moscow in 2006, 
followed by a $8 billion offering of state-run VTB Bank 
 VTBR.MM  in 2007. 
    * Other Russian IPOs priced at more than $1 billion included 
$1.9 billion offering of homebuilder PIK  PIKK.MM , which then 
shut down its London listing in 2017.*:nR4N1GE01M 
    * Mobile operator Megafon  MFON.MM   MFONq.L  raised $1.7 
in 2012, while private lender TCS Group  TCSq.L  and pipemaker 
TMK  TRMK.MM   TRMKq.L  both received over $1 billion from their 
offerings in 2013 and 2006, respectively. 
 (Compiled by Anna Pruchnicka; Editing by Edmund Blair) 
 ((;+48 58 772 07 02)) 
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