Equity Capital Markets

Tinkoff moves ahead with London IPO

Tinkoff moves ahead with London IPO

Russia's Tinkoff Credit Systems Bank plans to raise US$750mn in its London Stock Exchange launch later this year.

Goldman Sachs, Morgan Stanley and Sberbank CIB are joint global co-ordinators on the deal, joined by JP Morgan and Renaissance Capital as joint bookrunners.

The deal will be cheered by depositary receipts bankers – as our latest report highlights, many were downbeat over the EMEA IPO outlook.