Shoe retailer Tsentrobuv is seeking to raise nearly $800 million through a Hong Kong initial public offering (IPO), The Moscow Times reports. The offer could be launched in the market in the fourth quarter of 2011.

Morgan Stanley, BOCI, Renaissance Capital and VTB Capital will manage the planned IPO. Tsentrobuv, which generated more than $500 million in revenues in 2010, also planned an IPO in London in 2011.

Click here for the story from The Moscow Times.