Russian MTS Bank completed an initial public offering (IPO) at the upper end of the price range of RUB2,500 per share, floating 13.3% of the shares on Moscow Exchange, raising RUB11.5bn ($125mn) at a total capitalisation of RUB86.6bn ($938mn). MTS Bank’s IPO book was reportedly oversubscribed 15 times. As covered by bne IntelliNews, the bank expectedly offered a significant discount to the listing price. Out of RUB11.5bn placement, about RUB5bn was from retail and RUB6.5bn from institutional investors, according to Vedomosti daily. TS Bank ranked 24th in terms of assets in the Interfax-100 ban…