JSC TransContainer’s IPO planned for 2008-end should have become the acid-test ratio of the investors’ interest in the subsidiaries of Russia’s Russian Railways JSC (RZD). However, the dire condition of the stock market has made the company to put off the placement to 2011. The IPO of another RZD’s subsidiary – RefService – is put off as well. The experts are puzzled concerning the duration of the pause, since, in their opinion, the market will recover earlier. So, at the moment, RZD has to look for other ways of facilities attraction

Strikeforce Mining and Resources Ltd. (SMR) (owns mining assets of Basic Element Company and belongs to the top billionaire Oleg Deripaska) can become the first Russian company that will hold IPO at the Hong Kong Stock Exchange. Early in October, SMR will present the oncoming IPO in Hong Kong.

The major Russia’s producer of steam coal – the Siberian Coal Energy Company (SUEK) – can hold IPO at the London Stock Exchange (LSE) already in 1Q of the next year. The extraordinary meeting of the company’s stockholders should approve the additional issue of stocks that will obviously take part in the IPO. The experts say that the industry situation is quite favorable, and estimate SUEK at $6-7 billion; still they don’t forecast the results of the placement because of the dire situation at the stock market

N-Trans Group of Companies consolidated its port assets under the structure named Global Ports by analogy with the railway company Globaltrans, 29% of which the Group sold on the LSE in spring. But N-Trans has probably to put off Global Ports’s IPO because of the unfavorable market situation.

Metalloinvest Holding controlled by Alisher Usmanov has first published the consolidated reporting by international standards. Financial indices have coincided with analysts’ expectations who consider that the reporting publication is the first Metalloinvest step to IPO. It takes place in autumn, and judging from the forecasts of the holding management, according to 2008 results Metalloinvest can be estimated at about $34 billion.

JSC TransContainer business, the largest Russia’s container railway operator, is rather attractive for investors, therefore they will be interested in the company initial public offering (IPO). Such was the opinion of Troika Dialog analyst Kirill Kazanli, who commented the decision of JSC Russian Railways (RZD) directors’ board to hold TransContainer IPO in October current year.

Vysochaishy OJSC, gold-mining company, has twice tried to hold IPO, but gave the idea up. And it has made the right option: now the company securities are more expensive. Vysochaishy stocks’ placement at LSE was set to early 2007, but then it was put off to May. However, it never took place. Then Vysochaishy stockholders were afraid of the competitor – Polyus Gold OJSC – that could purchase the major issue part through agents. At that moment, according to calculations of MDM-Bank analysts, the company cost $350-450 million. And one and a half year on Vysochaishy OJSC was already estimated at $650 million.

Alisher Usmanov mining and metallurgical holding Metalloinvest JSC has chosen banks-managers of the coming IPO. As it became known, VTB Capital, VTB Bank subsidiary that has been established three months ago, is listed among them. Metalloinvest stocks placement becomes the first full IPO held by VTB Investment Bank.

Naspers Holding that owns around 33% of Mail.ru has exposed the portal financial results for 2006-2007. As it turned out, Mail.ru profitability by EBITDA margin had exceeded almost twice Google index and almost six times – Rambler’s one. Banks, with which Mail.ru had been holding talks about IPO organization, estimated the portal at $2 billion. Judging by the company reporting this value corresponds the unprecedented multiplier – 56 EBITDA.

By IFRS (International Financing Reporting Standards) Fesco transport group net income in 2007 totaled $103 million, and that is by 58% more as compared to the analogical index last year. Consolidated proceeds grew by 51% to $872 million, EBITDA – by 138%, to $267 million.