OAO RBC Information Systems and Aton Capital launched the first Russian initial public offering (IPO) on MICEX and RTS.

The IPO volume amounted to 16 million shares at $0.83 or RUR25.86 each. According to preliminary data, the shares were five times oversubscribed as investors submitted orders for over $64m. All orders will be met with a proportion of 20.6595%. The placing brought $13.28m in IPO proceeds to RBC. Its investor base comprises Russian companies, foreign institutional and corporate investors, investment funds and individuals.

RBC would like to thank the underwriter Aton Capital and the joint lead manager Alfa-Bank for their professionalism. "We hope that a lot of other domestic companies will follow us," said RBC General Director Yury Rovensky.

Aton Capital is proud of taking part in the formation of rules for the Russian IPO market. We hope that the first step we made will give a boost to similar transactions on the Russian market and lead to its significant growth," said Aton Capital President Yevgeny Yuriev.

Today starts a two-week period of registration of the placing results by the Federal Securities Commission. The shares will be listed and begin trading on RTS and MICEX following the completion of the registration.