(Bloomberg) -- Russia's SPB Exchange rose in its trading debut in St. Petersburg after it priced its initial public offering at the top end of a marketed range.
The deal, which was aimed at retail investors, priced at $11.50 per share and raised $175 million, the St. Petersburg-based exchange said in a statement. The IPO values the company at $1.3 billion.
SPB Exchange shares rose 9% to 910 rubles ($12.43) at 12:52 p.m. on Friday in St. Petersburg.
Russian companies have raised more than $3 billion in IPOs on various exchanges this year, the most since 2011, according to data compiled by Bloomberg.
Read more: Tinkoff Taps Russian Retail Stock Frenzy to Underwrite IPO Boom
VTB Capital is senior global coordinator. VTB Capital, Tinkoff and Alfa CIB are joint global coordinators, while Aton, Bank GPB International, BCS Global Markets, Finam, Freedom Finance, Bank Otkritie, Sova Capital and Sovcombank are also working on the deal.
The exchange is planning a listing on New York's Nasdaq in the first half of 2022.
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