Russia’s DME has postponed its initial public offering due to unfavourable market conditions, The Wall Street Journal reports. The Domodedovo airport operator initially anticipated to raise as much as $1.5 billion through the sale of a 20% stake.
The shares were due to be listed on the London Stock Exchange. Goldman Sachs, JP Morgan Chase and Morgan Stanley were responsible for the offering. DME is valued at between $3.5 billion and $7.5 billion.
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