Digital bank Tinkoff lists on Moscow exchange

Shares in Tinkoff, an innovation-friendly online bank, began trading on the Moscow stock exchange Monday, in the latest stage of the bank’s shake-up of Russia’s banking sector.

The secondary listing is designed to help Tinkoff, which has its primary listing in London and is domiciled in Cyprus, tap into a retail investment boom in Russia and secure an estimated $200 million inflow from Russia-focused investment funds.

 “This listing of Tinkoff global depository receipts [an investment vehicle which represents shares] on the Moscow Exchange is a huge milestone for our company,” said the bank’s founder Oleg Tinkov, a serial entrepreneur who launched Tinkoff bank in 2006.

Digital bank Tinkoff lists on Moscow exchangeRead More