Shares drop following MegaFon $1.7 billion IPO in London and Moscow

Russian operator MegaFon raised $1.7 billion from its public offering in London and Moscow, in what was seen as a disappointing debut in its first listing.

Shares this morning fell by 1.5% to $19.70 after trading in London, in what has been a difficult period for the Russian company. Shares in the company were trading at an average of $20, giving MegaFon a...

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Source: http://www.capacitymagazine.com/Article/3123499/Shares-drop-following-MegaFon-17-billion-IPO-in-London-and-Moscow.html

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