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Dow Jones
Russia RBC Info Systems IPO Bookbuilding Range 75-85c/Shr.
By Geoffrey T. Smith
Russian financial information and information technology services group, OAO RBC Information Systems, said Monday that the
bookbuilding range for its upcoming initial public offering will be 75 cents to 85 cents a share, valuing the company at
about $75-85 million.
RBC will be the first Russian company to launch its shares via an exclusively domestic IPO with the float due later this month. RosBusinessConsulting was founded in 1993, and is 100%-owned by its managers. The company posted 2001 net profit of $6.3 million on total revenue of $16.9 million, up from a net profit of $2.6 million on revenue of $8.8 million in 2000.
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