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O1 Properties seeks $425m
O1 Properties, one of Russia’s largest high-end office owners, said it is aiming to raise about $425m (£262m) from its flotation on the London Stock Exchange.
The IPO could be Russia’s biggest since last June when fertiliser group Phosagro raised $538m.
The group, which owns around $2bn of property in Moscow, said it is looking to build on booming demand for prime office space in the capital. The proceeds will go towards buying two business centres and paying down debt.