Content area
Full Text
Russian rail freight operator NefteTransService (NTS Group) on January 25 called off the start of management roadshows for its London listing, with its key listed comparable continuing to trade around a 52 week low.
"Feedback on the company and its track record has been good, and so has feedback from those who met management in pilot fishing," said one banker close to the deal. "It feels like a good IPO candidate, and the story is good -- but none of that is going to stop investors benchmarking NTS off the closest peer."
The deal was to raise around $500m for the company through a listing of around 25% of the expanded share capital via global...