SPB Exchange raised around $175 mln in Russian IPO

MOSCOW, Nov 19 (Reuters) - Russia's second-largest bourse, SPB Exchange, has raised around $175 million in an initial public offering on its own platform, above its initial guidance, the bourse said late on Thursday.

The bourse had initially expected to raise around $150 million in the IPO. This figure that was later revised to around $170 million.

SPB, which specialises in listing foreign securities, offered shares at $11.50 each, the upper boundary of earlier price guidance, ahead of its plans for a subsequent listing on the Nasdaq Global Select Market in the first half of 2022.

Reporting by Andrey Ostroukh; editing by David Evans

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