Rosneft I.P.O.
ORG
Rosneft Rosneft I.P.O. I.P.O.
London will be home to what may be one of the largest initial public offerings ever later this year, when the Russian oil giant Rosneft makes its Western debut on the London Stock Exchange. The listing of Rosneft is one of the most visible rewards yet for London's financial markets, which have embraced the Russian and central Asian companies buoyed by the boom in energy and commodities. The Rosneft deal will be led by four banks: ABN Amro, Dresdner Kleinwort Wasserstein, J. P. Morgan Chase and Morgan Stanley. Russian oil giant Rosneft makes its Western debut on the London Stock Exchange. The listing of Rosneft, expected in June, is one of the most visible rewards yet for London's financial markets, which have embraced the Russian and central Asian companies buoyed by the boom in energy and commodities. The Rosneft deal will be led by four banks: ABN Amro, Dresdner Kleinwort Wasserstein, J. P. Morgan Chase, and Morgan Stanley. State-controlled Rosneft, in particular, has been a lightning rod for criticism, after the company bought the biggest asset of Yukos at a depressed price last year, as part of the government's attempt to consolidate natural resources and seize power from Mikhail B. Khodorkovsky, the founder of Yukos.