An overview of Russian IPOs: 2005 to 2014 Listing centres, investment banks, legal counsels, auditors and issuers jurisdictions
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1 An overview of Russian IPOs: 00 to 0 Listing centres, investment banks, legal counsels, auditors and issuers jurisdictions
2 IPOs by listing centre (00 September 0) Total Listing centre Sept No. % London Stock Exchange (LSE) Moscow Exchange NASDAQ (US) Deutsche Börse NASDAQ OMX (Europe) Hong Kong Stock Exchange (HKEX) NYSE * * The overview contains a selection of Russian IPOs and may not be a full list of deals for the period. IPOs on LSE by markets (00 September 0*) Alternative Investment Market (AIM) 7 Main Market (Premium) Issuers with IPOs on LSE subsequently moved to premium listing Issuer Original market / year Premium listing year Polyus Gold Main Market (GDRs) / Polymetal International Main Market (GDRs) / *Of the total 67 IPOs on LSE **Global Depositary Receipts 8 Main Market (GDRs**) EVRAZ Main Market (GDRs) / 00 0 AFI Development Main Market (GDRs) / Raven Russia AIM / IPOs by industry and listing centre (00 September 0) 9 Metals & Mining 8 Financial Services Oil & Gas Technology & Communications LSE Moscow Exchange NASDAQ (US) NASDAQ OMX (Europe) Deutsche Borse HKEX NYSE Real Estate Utilities Retail Pharmaceuticals Transportation & Logistics Food & Chemicals Entertainment Agriculture Industrial Other* Beverage & Fertilisers & Media Manufacturing * Consists of IPOs in Hospitality, Engineering & Construction and Healthcare industres
3 Investment banks by number of IPOs on international stock exchanges (00 September 0) Investment bank* Total** Sept 0 Morgan Stanley - - Deutsche Bank Credit Suisse Renaissance Sberbank CIB (Troika Dialog) UBS J.P. Morgan Alfa Markets Goldman Sachs Citigroup BofA Merrill Lynch VTB Dresdner Bank ING Other Total** *** * Acting as Lead Manager ** Differs from total number of IPOs on international stock exchanges, as several investment banks act as Lead Managers on the same transaction *** IPOs on international stock exchanges Investment banks by industry of IPOs on international stock exchanges (00 September 0) Industry / investment bank* Morgan Stanley Deutsche Bank Credit Suisse Renaissance Sberbank CIB (Troika Dialog) UBS J.P. Morgan Alfa Markets Goldman Sachs Citigroup BofA Merrill Lynch VTB Other Metals & Mining Financial Services Technology & Communications - - Oil & Gas Real Estate Retail Entertainment & Media Chemicals & Fertilisers Transportation & Logistics Industrial Manufacturing Agriculture Healthcare Pharmaceuticals Utilities Restaurants Total** * Acting as Lead Manager ** Differs from total number of IPOs on international stock exchanges, as several investment banks act as Lead Managers on the same transaction Total** Investment banks for top industries IPOs on international stock exchanges (00 September 0) Financial Services Oil & Gas % Credit Suisse % Morgan Stanley Other 8% Metals & Mining % Credit Suisse % UBS Renaissance BofA Merrill Lynch Other % Morgan Stanley Deutsche Bank Renaissance Goldman Sachs Other 70% Technology & Communications % Goldman Sachs Morgan Stanley Renaissance Other BofA Merrill Lynch % Alfa Markets Renaissance UBS J.P. Morgan Sberbank CIB (Troika Dialog) Other Real Estate Deutsche Bank % Morgan Stanley % Credit Suisse 8% BofA Merrill Lynch
4 Legal counsels to issuers by number of IPOs on international stock exchanges (00 September 0) Legal counsel Sept Total Cleary Gottlieb Latham & Watkins Skadden White & Case Debevoise & Plimpton Freshfields Clifford Chance Other Total* ** * Differs from total number of IPOs on international stock exchanges, as on several IPOs two legal counsels represented the issuer ** IPOs on international stock exchanges Other % Clifford Chance Freshfields Cleary Gottlieb % 0% Latham & Watkins 0% Skadden 0% White & Case Debevoise & Plimpton Issuers jurisdiction by number of GDRs listings (00 September 0) Big Four market share by number of IPOs (00 September 0) Cayman Islands Luxembourg Channel Islands British Virgin Islands (BVI) EY % Netherlands % PwC Cyprus 8 0 Russia Deloitte % % KPMG
5 Year Issuer Industry Stock exchange Placement month Issuer s jurisdiction Reporting accountant Lenta Retail LSE (GDRs), February BVI EY Moscow Exchange ALROSA Metals & Mining Moscow Exchange October Russia PwC TCS Bank Financial Services LSE (GDRs) October Cyprus PwC Luxoft Technology & Communications NYSE June BVI EY QIWI Financial Services NASDAQ May Cyprus EY Moscow Exchange Financial Services Moscow Exchange February Russia EY CIS Acquisition Financial Services NASDAQ December BVI Marcum IG Seismic Services Oil & Gas LSE (GDRs) December Cyprus EY MegaFon Technology & Communications LSE (GDRs), Moscow Exchange November Russia EY MD Medical Group Healthcare LSE (GDRs) October Cyprus KPMG Sberbank Financial Services LSE (GDRs) September Russia EY EPAM Systems Technology & Communications NYSE February USA Deloitte Ruspetro Oil & Gas LSE (Premium) January UK PwC PhosAgro Chemicals & Fertilisers LSE (GDRs), MICEX, RTS July Russia KPMG Global Ports Transportation & Logistics LSE (GDRs) June Cyprus PwC Yandex Technology & Communications NASDAQ May Netherlands Deloitte NOMOS-BANK Financial Services LSE (GDRs), MICEX, RTS April Russia Deloitte Etalon Group Real Estate LSE (GDRs) April Channel Islands KPMG Rusagro Agriculture LSE (GDRs) April Cyprus PwC Federal Grid Company Utilities LSE (GDRs), RTS March Russia PwC WorldWide Papa's Restaurants Deutsche Börse February UK EKS&H HMS Group Industrial Manufacturing LSE (GDRs) February Cyprus PwC Pharmsynthez Pharmaceuticals MICEX (IIM) November Russia Alex Audit Consult TransContainer Transportation & Logistics LSE (GDRs), MICEX, RTS November Russia Deloitte Mail.ru Group Technology & Communications LSE (GDRs) November BVI EY Mostotrest Engineering & Construction MICEX, RTS November Russia KPMG O'Key Retail LSE (GDRs) November Luxembourg KPMG IRC (Petropavlovsk) Metals & Mining HKEX October Hong Kong Deloitte Russian Navigation Technologies Technology & Communications MICEX (IIM) July Russia Dokar DIOD Pharmaceuticals MICEX (IIM) June Russia Nexia CIS Kuzbasskaya Toplivnaya Company Metals & Mining MICEX, RTS April Russia KPMG Protek Pharmaceuticals MICEX, RTS April Russia PwC Russian Sea Food & Beverage MICEX, RTS April Russia EY RUSAL Metals & Mining HKEX, Euronext January Channel Islands KPMG
6 Year Issuer Industry Stock exchange Placement month Issuer s jurisdiction Reporting accountant Exillon Energy Oil & Gas LSE (Premium) December Isle of Man PwC Human Stem Cells Institute Pharmaceuticals MICEX (IIM) December Russia Nexia CIS RusHydro Utilities LSE (GDRs), MICEX, RTS July Russia PwC Acron Chemicals & Fertilisers LSE (GDRs), MICEX, RTS August Russia PwC Globaltrans Transportation & Logistics LSE (GDRs) April Cyprus PwC Magnit Retail LSE (GDRs) April Russia Deloitte TGC-6 Utilities MICEX, RTS April Russia KPMG Yenisei TGC (TGC-) Utilities MICEX, RTS April Russia KPMG Volzhskaya TGC (TGC-7) Utilities MICEX, RTS March Russia KPMG Black Earth Farming Agriculture NASDAQ OMX December Channel Islands KPMG Synergy Food & Beverage MICEX, RTS November Russia Baker Tilly LSR Group Real Estate LSE (GDRs), MICEX, RTS November Russia KPMG Eurasia Drilling Company Oil & Gas LSE (GDRs) November Cayman Islands KPMG Novorossiysk Commercial Sea Port Transportation & Logistics LSE (GDRs), MICEX, RTS November Russia Deloitte Bank Saint Petersburg Financial Services MICEX, RTS November Russia PwC M.video Retail MICEX, RTS November Russia Deloitte Uralkali Chemicals & Fertilisers LSE (GDRs), RTS October Russia PwC OGK- Utilities LSE (GDRs), MICEX, RTS October Russia PwC TGC- Utilities MICEX, RTS September Russia PwC FESCO Transportation & Logistics RTS August Russia Moore Stephens Armada Technology & Communications MICEX, RTS July Russia KPMG PIK Group Real Estate LSE (GDRs), MICEX, RTS June Russia KPMG Rosinter Restaurants Holding Restaurants RTS June Russia EY ТGC- Utilities MICEX, RTS May Russia KPMG RТМ Real Estate RTS May Russia BDO DIXY Group Retail MICEX, RTS May Russia PwC Bank Vozrozhdenie Financial Services MICEX, RTS May Russia PwC VTB Bank Financial Services LSE (GDRs), MICEX, RTS May Russia EY Pharmstandard Pharmaceuticals LSE (GDRs), MICEX, RTS May Russia EY AFI Development Real Estate LSE (GDRs) May Cyprus KPMG NUTRINVESTHOLDING Food & Beverage MICEX, RTS April Russia Moores Rowland ММК Metals & Mining LSE (GDRs), MICEX, RTS April Russia Deloitte West Siberian Resources Oil & Gas NASDAQ OMX April Bermuda PwC Volga Gas Oil & Gas LSE (AIM) April UK Moore Stephens 6
7 Year Issuer Industry Stock exchange Placement month Issuer s jurisdiction Reporting accountant Sberbank Financial Services MICEX, RTS March Russia PwC WGC- Utilities MICEX, RTS March Russia PwC Integra Oil & Gas LSE (GDRs) February Cayman Islands PwC IBS Group Technology & Communications Deutsche Borse February Isle of Man EY Prosperity Russia Domestic Fund Financial Services LSE (AIM) February Channel Islands KPMG Polymetal International Metals & Mining LSE (GDRs), MICEX, RTS February Russia PwC SITRONICS Technology & Communications LSE (GDRs), MICEX, RTS February Russia Deloitte Timan Oil & Gas Oil & Gas LSE (AIM) December UK Deloitte Polyus Gold Metals & Mining LSE (GDRs), MICEX, RTS December Russia Deloitte MirLand Development Corporation Real Estate LSE (AIM) December Cyprus EY ROSE GROUP (RGI International) Real Estate LSE (AIM) December Channel Islands PwC World Trade Center Real Estate RTS December Russia MCFR Consulting Enel ОGК- Utilities MICEX, RTS November Russia PwC Raspadskaya Metals & Mining MICEX, RTS November Russia EY Severstal Metals & Mining LSE (GDRs) November Russia KPMG Chelyabinsk Zinc Plant Metals & Mining LSE (GDRs), RTS November Russia PwC HALS-Development (Systema-Hals) Real Estate LSE (GDRs), MICEX November Russia Deloitte TMK Metals & Mining LSE (GDRs), RTS October Russia EY Teleset Networks Technology & Communications LSE (AIM) October Cyprus Grant Thornton Prosperity Voskhod Fund Financial Services LSE (AIM) October Channel Islands KPMG PetroNeft Resources Oil & Gas LSE (AIM) September Ireland LHM Casey McGrath Rosneft Oil & Gas LSE (GDRs), MICEX, RTS July Russia EY Belon Metals & Mining RTS June Russia KPMG CTC Media Entertainment & Media NASDAQ May USA EY Cherkizovo Group Retail LSE (GDRs), RTS, MICEX May Russia Deloitte C.A.T. oil Oil & Gas Deutsche Börse May Austria BDO Magnit Retail MICEX, RTS April Russia Deloitte Baltic Oil Terminals Transportation & Logistics LSE (AIM) April UK EY VEROPHARM Pharmaceuticals RTS April Russia Deloitte Matra Petroleum Oil & Gas LSE (AIM) April UK Everitt Kerr and Co Aurora Russia Financial Services LSE (AIM) March Channel Islands Deloitte Amur Minerals Corporation Metals & Mining LSE (AIM) March BVI Moore Stephens Razgulay Group Agriculture MICEX, RTS March Russia KPMG 7
8 Year Issuer Industry Stock exchange Placement month Issuer s jurisdiction Reporting accountant Cоmstar-UТS Technology & Communications LSE (GDRs), MICEX, RTS February Russia Deloitte Trader Media East Entertainment & Media LSE (GDRs) February Channel Islands PwC Zirax Chemicals & Fertilisers LSE (AIM) December UK PwC NLMK Metals & Mining LSE (GDRs), RTS December Russia PwC International Marketing & Sales Entertainment & Media LSE (AIM) December Ireland Moore Stephens Group Аmtel - Vredeschtein Industrial Manufacturing LSE (GDRs) November Netherlands KPMG Urals Energy Oil & Gas LSE (AIM) August Cyprus PwC Raven Russia Real Estate LSE (AIM) July Channel Islands BDO NOVATEK Oil & Gas LSE (GDRs), MICEX, RTS July Russia PwC Rambler Media Entertainment & Media LSE (AIM) June Channel Islands Moore Stephens EVRAZ Metals & Mining LSE (GDRs) June Luxembourg EY X Retail Group (Pyaterochka) Retail LSE (GDRs) May Netherlands Deloitte SOLLERS Industrial Manufacturing MICEX, RTS April Russia PwC PAVA (Khleb Altaya) Food & Beverage MICEX, RTS March Russia BDO Lebedyansky Food & Beverage MICEX, RTS March Russia PwC Sistema Financial Services LSE (GDRs), MICEX, RTS February Russia Deloitte 0 ZAO PricewaterhouseCoopers Audit. All rights reserved. * PwC refers to ZAO PricewaterhouseCoopers Audit, or, as the context requires, other member firms of PricewaterhouseCoopers International Limited, each of which is a separate legal entity (86)
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