Financial Times FT.com

Rigours of the road to a London IPO

By Joanna Chung in London

Published: May 14 2007 03:00 | Last updated: May 14 2007 03:00

Russia's second largest bank, VTB, has become the latest company to make the long journey from private to public life by way of London's stock market.

On Friday, it raised $8bn (£4bn) after selling shares in London and Moscow. VTB is one of 76 companies to have floated in London sinceJanuary, according to Dealogic. More are waiting in the wings.

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