Russia's Tinkoff Credit offers up to $870 mln in IPO - Reuters
Russian entrepreneur Oleg Tinkov's credit card business TCS said it will place shares worth up to $870 million in a London flotation, valuing the company at up to $3.2 billion, writes Reuters. The offering will include the sale of new shares, raising proceeds of $175 million for the company. Existing shareholders including Oleg Tinkov and his private-equity backers will reduce their stakes.
14 October 2013•1 min read
