Two Russian companies this morning priced their listings towards the bottom of their price ranges, following a recent fall in Russian equities which has pushed the total slide in the country's stock market to more than 7% for the year to date.

PIK Group, a Moscow-based property company, priced its shares at the bottom of its indicative range, raising $1.85bn (€1.38bn), while Rosinter, a restaurant operator, priced its stock close to the bottom of its range, raising $100m.