Dow Jones

1336 GMT In February 2014, when Russia hosted the Winter Olympics, food retailer Lenta successfully issued shares on the Moscow Exchange. Since then the IPO market has been deathly quiet as the country has been dealing with sanctions and dropping oil prices. But that was until April 17 when United Wagon Company, a railcar builder, announced it wants to offer at least 10% of its shares in an IPO by the end of this month. The firm's CEO Roman Savushkin says the recent gains in the Micex index give hope that investors will be interested in buying into Russian companies.