"Svyaznoy plans IPO for spring 2012

According to the CEOSvyaznoy Denis Ludkovsky company plans to list 20-40% on the stock exchange in 2012 shares. The London Stock Exchange is considered to be the platform, IPO on which to prepare for next spring.

At the moment the retailer estimates its own value at $1.8-2.6 billion. However, as Liudkovsky notes, this estimate of assets will be adjusted by the financial results in 2011. The company's management forecasts revenue growth by 201.42 billion rubles as compared to the same period of 2010.

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