MOSCOW May 29 Russia's Tinkoff Credit Systems
(TCS), which has Wall Street bank Goldman Sachs as a
backer, is talking to banks ahead of a possible initial public
offering (IPO), sources said on Wednesday.
The credit card supplier, founded and run by charismatic
entrepreneur Oleg Tinkov, has been looking for outside sources
of funding to grow. Tinkov said in an interview last March that
the company could seek funding options such as an IPO in the
One banking source said TCS wants to sell 20-25 percent,
which could equate to around $200-$300 million. An IPO could be
possible at the end of this year or the beginning of 2014, two
banking sources said.