DAVID GRANOVSKY

Stem cell firm plans Russia’s 1st post-crisis IPO | Stocks | Reuters

In BUSINESS OF STEM CELLS on August 25, 2009 at 9:44 pm

MOSCOW (Reuters) – Russia’s Stem Cell Institute is seeking to attract some 150 million roubles ($4.75 million) from investors in what would be the country’s first initial public offering in more than a year, the firm’s head said on Tuesday.

The news comes as Russia’s economy is showing early signs of starting to recovering from recession while some of its larger companies again begin to attract funding on domestic and international markets.

The Stem Cell Institute, which has been valued at 500 million roubles, plans to place 25 percent of its capital in mid-November on the innovation and developing companies sector of Russia’s MICEX exchange.

via Stem cell firm plans Russia’s 1st post-crisis IPO | Stocks | Reuters.

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