Russian Magnate Presents $750 Million Credit Card IPO

Last year, unsecured lending to Russian households rose by 50 percent due to its developing middle class’ demands for goods and banks’ desire to profit.

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“Retail is strong. This is just the right time to do an IPO – we have a solid track record behind us. We have massive growth to come,” said TCS CEO Oliver Hughes in the article.

For more on TCS’s IPO, click here.

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