Under the framework of the initial flotation of its shares, which had been announced earlier, RBC gave a road show for potential investors in Geneva, Lugano and Zurich (Switzerland). As a result of this event, which had been organized by ABD Consulting (Switzerland), RBC placed pre-IPO convertible bonds for a total amount of $5m and was heavily oversubscribed. At presentations RBC announced its firm intention to float about 17% of its shares by the end of the 1st quarter of 2002. The RBC Board of Directors reserved 10% of shares for future acquisitions and corporate purposes. The current management of the company also reserved the right to sell an additional 8% of its shares not earlier than 6 month after the IPO in order to increase the liquidity of the stock. In order to become a benchmark of transparency and corporate governance, RBC invited leading Western IT and media managers to the Board of Directors. In the future, RBC will set up a special web site for online communications with potential Russian and foreign investors. In view of the upcoming IPO, RosBusinessConsulting invites Russian and foreign investment banks to take part in a contest for the IPO lead manager.
After it turned out that Deputy Prime Minister Andrei Belousov included the Fonbet betting company in the list of backbone enterprises that can count on state support, everyone started talking about these bookmakers.