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The Moscow Bourse Goes Public Raising $498m

“The Moscow Exchange raised $498 million in the biggest initial share sale on Russia’s bourse since 2007, pricing at the bottom of its target range.

The deal values the exchange at 126.9 billion rubles ($4.2 billion), according to an e-mailed statement today. The shares were priced at 55 rubles each, at the lowest end of the Moscow Exchange’s target range of 55 rubles to 63 rubles. The stock, which trades under the MOEX RX ticker, climbed 0.1 percent to 55.05 rubles, according to data from the exchange….”

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