As of 6:00 p.m. London time, investors were offering $11.26 per GDR against the offering price of $10.56 set by the bank's supervisory board at IPO, with each GDR representing 2,000 shares, the LSE said.
State-controlled VTB floated 1,513 billion newly issued ordinary shares in the global offering, representing 22.5% of its enlarged share capital, the bank earlier said.
Around 7.7 million of VTB's GDRs were traded during Thursday's session.
Russia's bourses, the RTS and MICEX, will begin trading VTB stock after the results of the bank's additional share issue are registered with the Central Bank, which is expected to happen next week.
The bank, which floated 65% of its global offering in London and 35% in Russia, intends to use the proceeds largely to support the ongoing expansion of its business, including the expansion of its retail banking operations in Russia, VTB said.
After the global offering, the Russian government's stake will drop from 99.9% to 77%.
