White & Case and Cleary Gottlieb Steen & Hamilton are advising on Russian bank Promsvyazbank’s plans to seek a $500m (£309m) dual London-Moscow initial public offering (IPO).
Cleary is fielding a team led by London capital markets and finance partner Simon Ovenden, advising Promsvyazbank on its bid to offer around 25% of its stock to investors. Cleary London capital markets partner David Gottlieb and Moscow partner Murat Akuyev are also advising. The trio also worked together on Sberbank’s $5.2bn London-Moscow offering listing last month.
