MTS Bank can raise up to 15 billion rubles through an IPO in the spring of 2024

Vladimir Yevtushenkov, the largest shareholder of the investment holding AFK Sistema, which includes both MTS and MTS Bank, said that MTS Bank could go public on the stock exchange back in 2021. It was then planned that the IPO could take place in 2022. The businessman estimated the placement volume at more than $1 billion, but the deal did not take place. At the same time, at the end of 2023, he noted that the IPO of MTS Bank would not take place in 2024. However, after this it became known that MTS Bank is considering the possibility of holding an IPO in 2024. The bank planned to bring a minority stake to the market this year “if there is a window,” RBC previously wrote.

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