The exchange set the IPO price range at between 55 and 63 rubles a share, according to two people, who asked not to be identified as the information hasn’t been made public. Bourse executives will meet investors for one day only on Feb. 4 at the exchange’s Moscow office, and follow with meetings in Europe and the U.S., Roman Filatov, a portfolio manager in Moscow at Sberbank Asset Management, who received an invitation, said by phone.

The exchange, which runs Russia’s 50-stock Micex and dollar-based RTS indexes, plans to raise more than $500 million through selling shares on its own platform and abroad, a person with knowledge of the matter said on Jan. 21.

Quinn Martin, a spokesman for the exchange, declined to comment by e-mail.

Shares will be sold by one or both of the exchange’s units — Micex Cyprus Ltd. and Micex-Finance LLC — in Russia, the U.S. and certain offshore locations, according to a bourse statement from Jan. 21. All the current exchange shareholders aside from Russia’s Central Bank will be able to sell shares in the IPO through Micex Cyprus, according to the exchange’s statement.

Credit Suisse Group AG, JPMorgan Chase & Co., Sberbank CIB and VTB Capital are organizing the IPO, the exchange said on Jan. 21 in an e-mailed statement. Deutsche Bank AG, Goldman Sachs Group Inc., Morgan Stanley, Renaissance Capital and UBS AG’s investment bank are joint bookrunners.

The exchange has 2.197 billion shares. With the IPO price range, that would put the total valuation at 120 billion rubles ($4 billion) or more.