The Moscow Stock Exchange said on Monday that it intends to float shares in an initial public offering in Moscow, in a push to promote the Russian capital as an international financial centre.

"The exchange's own listing is a key element of our strategy to promote the development of the local capital markets as well as to broaden the regional and international appeal of Moscow as a financial centre," said Sergei Shvetsov, chairman of the exchange's supervisory board. "As a public company, Moscow Exchange will be committed to demonstrating leadership in corporate governance practices and transparency."