moscow oct 7 reuters  russia’s spb exchange hopes to raise 150 million in an ipo on its own bourse before the yearend ahead of a larger us listing in the first half of 2022 two people familiar with the matter told reuters on thursday russia’s secondlargest bourse specialises in listing foreign securities and saw a surge in volumes during the covid19 pandemic peaking at 392 billion in march as retail investors took to trading while lockdowns kept them at home the second part of spb’s ipo is planned for april 2022 earlier than previous reports have suggested with a target to raise an additional 300 million on nasdaq the sources said the bourse’s local listing will comprise around 10 of its share capital the sources said an internal document seen by reuters said spb planned to be technically ready for the listing by midnovember spb’s trading volumes in september were 268 billion up 478 yearonyear its larger rival the moscow exchange saw trading volumes of around 39 billion for its stocks section that month spb which was previously known as saintpetersburg exchange before a rebranding this summer said in july it was planning a public offering of additional shares to double its registered capital earlier this year spb told reuters it may expand its range of financial instruments such as more foreign securities and a derivatives section before a 2022 ipo and was seeking extra capital after turning profitable in the second quarter of 2020 1  717241 roubles additional reporting by andrey ostroukh editing by alexander smith