KOKS Postponed IPO Due To Market Conditions

Russian producer of metallurgical coke Koks decided to postpone the initial public offering (IPO) of its shares citing market conditions the company reported on Friday. 


Thus it had to be the first of the four already announced for this year IPO of companies with Russian assets. 


Market participants do not consider it as a sign for further IPO of other companies, but recognize that from a psychological point of view, this fact may have some negative impact. 
Next week the following companies should close the book: HMS Group, CHEL PIPE,  and Nord Gold. 

Revenue of Koks, which assets are located in the Kemerovo and Tula regions in 2009 amounted to 26.9 billion rubles, EBITDA - 4,6 billion rubles.