Russian jeweler Sokolov is still planning an IPO, location unknown - TASS

Russian jeweler Sokolov is still planning an IPO, location unknown – TASS

Sokolov Jewelry items in Moscow, Russia, November 18, 2021. Photo taken November 18, 2021. REUTERS/Evgenia Novozhenina

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MOSCOW, Aug 1 (Reuters) – Russian jeweler Sokolov is still planning an initial public offering (IPO) in the next two years, the TASS co-owner said on Monday, but the location has not yet been announced. decide.

Artem Sokolov, managing partner and co-owner of the jewelry firm, told Reuters in November that the company plans to do a dual listing in New York and Moscow in 2023. more

But geopolitical uncertainty and Western sanctions on Russia’s financial sector after Moscow sent tens of thousands of troops to Ukraine on February 24 forced many companies to put plans on hold. In 2022, at least 10 firms planned to list. read more

“About the IPO,” TASS quotes Sokolov. “We do not abandon our plans, we continue to prepare for the fact that in a year or two this will happen, but on what platforms it will be is an open question. Everything will depend on the market.”

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Reporting by Reuters, Editing by Louise Havens

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