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Russia's Pharmsynthez raises $17 million in IPO in Moscow

This article was originally published in Scrip

Executive Summary

Russia's Pharmsynthez has raised Rb528 million ($17 million) in an IPO conducted on the market for innovations and investments of Moscow Interbank Currency Exchange (MICEX). On 1 December, the shares also began trading under the same LIFE ticker without an additional listing on the Russian Trading System Stock Exchange (RTS).

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