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Kommersant, April 17, 2002
RBS share costs $0.83
Aton, an investment company, which is acting as an underwriter for RosBusinessConsulting (RBC), yesterday fixed the company's IPO price at RUR25.86 ($0.83) per share. Based on this evaluation, the company's market cap will be $81 million, while two weeks ago Aton gave a more optimistic evaluation: $100-120 million. According to President of Aton Yevgeny Yuryev, there are already 150 national and 40 foreign subscribers, among which are insurance companies, investment funds and banks. Aton will receive today official confirmations for the purchasing of shares at the Russian Trading System or the Moscow Interbank Currency Exchange. It's remarkable that the example of RosBusinessConsulting inspired a number of St. Petersburg IT companies to follow suit and start developing their own plans as to how go public on Russian stock exchanges.
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