London Listings Recover Their Charm For Russian Companies

While Goldman Sachs and JP Morgan are thinking about moving some operations out of London on the back of the 50% tax on bonuses, Russian companies have rekindled their love affair with London as a listing hub. Note that there were only 18 IPOs held in London last year, which raised less than GBP1.7bn in total, but with the IPO boom expected in 2010, the revival of London as an IPO hub is imminent. The renewal of Russian appetite illustrates this. As was reported by CFW, Rusal's decision to list in Hong Kong had many analysts considering whether Hong Kong

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