CEE Equity

Russian gold miner Nord Gold said on Thursday that it wants to launch an IPO on the London Stock Exchange, following a rally in the price of gold since March.

National Bank Trust, the bad bank set up by the Russian government after the financial crisis, has raised Rb50.2bn ($681m) by selling shares in VTB Bank, one of Russia’s largest banking groups.

A deal-hungry retail investor base provided crucial support for a strong first few months of the year in Russian equity capital markets, and sources in Moscow are hopeful that the momentum will carry on through 2021 as the political noise that threatened to derail the market subsides.

Pepco, the Polish discount retail group, has priced its IPO on the Warsaw Stock Exchange at Z40 a share, valuing the company at Z23.0bn (€5.1bn).

The Warsaw IPO of Canal+ Polska, the Polish satellite TV network, has been postponed. The deal is the latest victim of Europe's binary IPO market.

Pepco, the retail holding company that owns Poundland, has fixed the price range for its IPO on the Warsaw Stock Exchange, valuing the company at Z21.85bn-Z26.45bn (€4.8bn-€5.8bn).

Segezha, the Russian paper and pulp company, has completed its IPO on the Moscow exchange. The conclusion of the listing was a relief for the company, given fears that it could have been derailed by political tensions between Russia and the US.

A wave of Russian equity capital markets activity has broken this week, taking advantage of a rise in optimism that geopolitical tensions between Russia and the US are decreasing.

Pepco, the retail conglomerate that owns Poundland, is seeking to list in Warsaw through an initial public offering.

Russian paper and pulp company Segezha is covered across its initial price range in its IPO, showing that Russian companies can withstand political volatility when doing an IPO.

Segezha, the Russian paper and pulp company, has set a price range on its IPO despite the growing pressure faced by Russian companies as hostility between the country and the US increases.

Etalon, the Russian real estate and construction company listed in London, has launched a rights issue to help fund its investment in new land and development.