Russian car-sharing company Delimobil and real estate database Cian are hoping to raise around $350 million each in U.S.-based initial public offerings this autumn, financial market sources said on Tuesday, leading the Russian IPO charge in New York.
Russia is experiencing an IPO boom after several barren years following the imposition of sanctions against Moscow after Russia's annexation of Crimea in 2014. UBS earlier predicted a Russian IPO flurry of at least $10 billion this year.
Three sources said Bank of America and Citi were among the banks picked to arrange the offering. Two sources said UBS, as well as Russia's Sberbank CIB, VTB Capital and Renaissance Capital were the other banks selected. Cian, one of the country's largest real estate databases, is very close to holding a U.S. IPO, three financial market sources said on Tuesday, with two suggesting Nasdaq would be the likely exchange.
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