The shares of two Russian companies listing global depositary receipts on the London Stock Exchange today fell to a discount in early trading. Comstar, the Russian telecommunications company, dropped 4.1% to $6.95 and Trader Media East, which publishes classified advertisement magazines, fell 2.3% to $12.70.

Comstar priced at $7.25, after setting a range between $6.50 and $8. Trade Media was offered at $13, the mid-point of a $11.50 to $14.50 range.