Russian Direct Investment Fund (RDIF) plans to invest in PAO Sovcomflot, which is hoping to raise at least $500 million in an initial public offer (IPO), the Interfax news agency cited RDIF Chief Executive Officer Kirill Dmitriev as saying on September 24, 2020. Sovcomflot’s planned listing on the Moscow Exchange could value the firm at roughly $10 billion, according to sources, speaking earlier this month.