Page 91 - RusRPTJun19

Polymetal HOLD 685 36.5 5.30% 2.18
X5 Retail Group (DR) BUY 1,995 92.1 4.60% 5.32
NCSP - 7.11 0.33 4.60% 0.07
LUKOIL HOLD 5,478 250 4.60% 52.5
Inter RAO BUY 3.9 0.16 4.20% 3.99
TCS Group BUY 1,294 52.8 4.10% 2.72
Obuv Rossii BUY 47.5 1.91 4.00% 0.03
Acron SELL 4,510 180 4.00% 0.18
TMK BUY 58.6 2.28 3.90% 1.01
PIK Group HOLD 374 13.1 3.50% 0.45
Aeroflot HOLD 94.9 3.3 3.50% 5.36
RusGrids - 1.08 0.034 3.10% 1.31
VTB BUY 0.036 0.0011 3.00% 8.08
NOVATEK HOLD 1,200 33.9 2.80% 11.1
Surgutneftegas HOLD 24.9 0.7 2.80% 5.37
Rusagro - 745 13 1.80% 0.11
Source: Bloomberg, BCS GM
8.3.3 ECM news
Leading Russian online job search portal HeadHunter carried out a successful IPO on NASDAQ, on May 9 placing 16.3mn ADRs or 32% of capital at $13.5 per ADR, the upper range of price guidance. The shares of the newcomer jumped by 24% in the first two trading days, bring HeadHunter's valuation from $675mn to $837mn on May 10. This made the first Russian offering on NASDAQ since 2013, when another two digital majors TCS banking group and Qiwi electronic payment system listed on the exchange. While not a single IPO or SPO was seen in 2018, since the start of this year a
91 RUSSIA Country Report June 2019 www.intellinews.com