The integrated MICEX-RTS stock exchange may hold an Initial Public Offering in the fourth quarter of 2012 in case of favorable market conditions, Bank of Russia First Deputy Chairman Alexei Ulyukayev said in Cyprus on Friday.
"The exchange's IPO is being prepared now. We are likely to issue (shares) in the fourth quarter of this year as bookrunners and financial advisers have been chosen," Ulyukayev told the Russian-Cypriot economic forum.
"If the market (conditions are) favorable, we will float (the shares). We expect there will be an organization with equity capital of no less than $6 billion after the offering," he added at the sidelines of the forum.
MICEX President Ruben Aganbegyan said in June 2011 that the stock exchanges planned to raise at least $300 million from the IPO.
