Russia's TCS Group launches IPO to raise up to $750 mln


MOSCOW, Oct 3 (Reuters) - Russian TCS Group Holding, aparent company for credit card supplier Tinkoff Credit Systemson Thursday launched an initial public offering to raise up to$750 million.

TCS, founded and run by entrepreneur Oleg Tinkov, has beenlooking for outside funding to help to finance the company'sgrowth plans.

The company said the offering would include a primarycomponent - being sold by the company - of between $150 millionand $200 million with the balance to be sold by Oleg Tinkov andother shareholders.

View Comments (0)