Pinchuk Planning Media IPO.

Pinchuk said he was inspired by the success of Russia’s STS, which recently raised $346m on with a float of 16.4% of its shares on Nasdaq. Pinchuk controls stakes in several media outlets including the TV channels STB, ICTV, Novy and M1 and the tabloid Fakti. Nick Piazza: The media sector is transforming from a political weapon into real business, and an international IPO would boost this process. However, Pinchuk might have to limit his offer due to local laws, according to which he is not supposed to own more than two national TV channels.