MTS Bank is thinking of holding an IPO in the spring offering window, sources told Reuters. Bank plans to raise ₽10-11 bln from the market, based on a valuation of 1.1-1.4 capital. Only the additional issue shares will be offered. None of the existing shareholders plans to sell the securities. MTS Bank is now wholly owned by MTS, which bought the remaining 4.5% stake in the bank from Sistema for ₽1.4 billion at the end of 2019.
MTS Bank is thinking of holding an IPO in the spring offering window, sources told Reuters. Bank plans to raise ₽10-11 bln from the market, based on a valuation of 1.1-1.4 capital. Only the additional issue shares will be offered. None of the existing shareholders plans to sell the securities. MTS Bank is now wholly owned by MTS, which bought the remaining 4.5% stake in the bank from Sistema for ₽1.4 billion at the end of 2019. 
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