Reuters via Moscow Times 19 April 2012
Real estate investment company O1 Properties on Wednesday announced its intention to float on the London Stock Exchange and aims to raise at least $400 million, two market sources said.
Sources close to the company told Reuters in February that it was planning an initial public offering to invest in Moscow’s booming commercial property market.
O1 Properties plans to hold a road show from May 1, one of the sources said Wednesday. Global depositary receipts, a proxy for O1’s ordinary shares, will be offered by the company itself, along with its main shareholder O1 Group.