American depositary receipts

One of the pioneers of foreign placements among Russian companies can make the Moscow Exchange its main platform Mobile operator MTS (controlled by AFK Sistema by Vladimir Yevtushenkov) announced a review of its strategy for presence in the equity capital market. As part of this process, the company “plans to assess, is the listing in the USA, taking into account the high costs of its maintenance, interests of shareholders, or more preferable would be listing on other sites ". Now American Depositary Receipts (ADR) MTS is listed on the New York Stock Exchange.