Home World News More Russian Companies Set to Join New York IPO Frenzy

More Russian Companies Set to Join New York IPO Frenzy

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MOSCOW—Health-food provider JSC VkusVill and stock exchange PJSC SPB Exchange are preparing for initial public offerings in the U.S. this year or early next, according to people familiar with the companies, the latest in a string of Russian corporations joining the global IPO rush.

This year is shaping up to be the one of the most active for share sales since Moscow was slapped with international sanctions in 2014. Record-hitting stock markets abroad and an improving economy at home, helped by rising oil prices, have smoothed the path for some companies.

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