OREANDA-NEWS. January 04, 2010. Saint Petersburg-based developer LenspetsSMU has began searching for a lead bank to place shares on the stock market. “We are getting ready for an IPO, however, it is too early to speak of precise dates or amount of the stake”, the company’s spokeswoman Natalia Mentsel said.

Earlier the company’s core shareholder Vyacheslav Zarenkov told journalists about plans to sell investors a 25-30% stake in the company as part of placement on the market in 2H 2011, Interfax wired. According to Zarenkov, the entire company was valued at USD 1 bn and the stake to be placed at USD 300 mn.