Vremya Novostei, April 22, 2002

OAO RBC Information Systems and Aton Capital completed the first Russian initial public offering (IPO) on two domestic exchanges (MICEX and RTS). The placing volume was 16 million shares at $0.83 or RUR25.86 each. According to preliminary data, the share issue was five times oversubscribed as investors submitted orders worth over $64m. This IPO enabled RBC to attract a total of $13.28m. The shares were purchased by domestic companies, foreign institutional and corporate investors, investment funds and private investors. "VREMYA NOVOSTEI"