Two Russian initial public offerings are set to raise combined proceeds of nearly $1bn (â¬632m) on the London Stock Exchange this year and are leading the way for a healthy second quarter for Russian listings, after dealflow from the region slumped to a four-year low in the last quarter.
Globaltrans, the Russian freight railway operator, hopes to raise $509m when it floats on the LSE, while Magnit, a Russian supermarket chain, is targeting $480m. The London exchange hosted no Russian floats in the first three months of the year.
