MTS Bank started collecting applications for participation in IPO

MTS Bank has set the IPO price range at ₽2350-2500 per share, which corresponds to the bank's pre-money valuation of ₽70.6-75.1 billion. Company intends to raise up to ₽10 billion by offering additional shares. Funds raised will be used to implement its growth strategy and further scale up its high-margin retail business. Collection of applications for participation in the IPO begins today and will last until April 25. Trading in the shares will begin on April 26 under the ticker MBNK.