Russian firms line up for LSE listings

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The Independent Online

The Russian coking coal and pig iron producer Koks is seeking to raise about $520m (£325m) in its initial public offering, kick-starting a rush by Russian firms to the stock market. The float is set to value Koks, owned by Boris Zubitskiy and his two sons, at $2.6bn. The family plans to sell 12 per cent of its holding, netting the Zubitskiys more than $300m. Koks is one of four Russian firms set to begin bookbuilding in London this week.