Russia's Tinkoff prices London IPO at top of range


MOSCOW, Oct 22 (Reuters) - Russian entrepreneur OlegTinkov's consumer credit company TCS priced its London IPO at$17.50 a share, at the top end of a previously-announced range,it said on Tuesday.

TCS Holding Group, owner of Tinkoff Credit Systems, isselling new shares, raising $175 million for the company, whileexisting investors are also reducing their stakes, raisingproceeds of $912 million.

Existing shareholders are Oleg Tinkov and his private-equitybackers - Vostok Nafta, Goldman Sachs, Baring Vostok andUkraine's Horizon Capital.

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