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. Last Updated: 07/27/2016

UralSib Halves IPO Forecast

UralSib more than halved its forecast for Russian initial public offerings this year to $10 billion, citing “tough” market conditions.

“New equity issuance has been at a much lower level than expected,” said Chris Weafer, UralSib’s chief strategist. “Most companies will wait for better market valuations next year.” Weafer earlier estimated that companies would sell $20 billion to $25 billion of shares in 2010.