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March 12, 2007
Russian Zeitgeist - Big Tech IPO And The Million Euro Impression
As we've been reporting, Eastern Europe and Russia are starting to make news in the tech world. And it is not just small deals. Last month, one of the country's largest microelectronics and electronic equipment companies, Sitronic, gave the LSE its biggest tech IPO in five years with a $352m (£180.69m) float, valuing the company at £1.16B.
This deal will help to put Russian high tech on the map. Another Russian team was making news this past week at the Geneva Motor show with a revived 100 year old motoring brand called Russo Baltique.
That was then...
...During Soviet Times, The ZIL Was The Elite Vehicle In Russia. (image source: AMO ZIL)
This is now...
The Russo Baltique Impression Makes a Strong One
(images source: Russo Baltique)
With a price payble only by an oligarch or a Silicon Valley billionaire, this concept car is unlikely to tempt Europe's famous founders. The region's tech millionaires are too busy anyway spending their fortunes backing other businesses.
Read - Russian IPOs In 2007: Decline Or New Breakthrough? (post chronicle)
Read - Latham displays Russian muscle with Sitronics IPO (the lawyer)
Read - 2007 Russo-Baltique Impression - Auto Show Coverage - Automobile Magazine
Posted on March 12, 2007 05:41 PM | Posted to Being European | Permalink
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