GREY:HRIVF - Post by User
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espressostrettoon Feb 08, 2011 9:18am
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Post# 18092739
RE: RE: RE: RE: Severstal to lower its IPO price
RE: RE: RE: RE: Severstal to lower its IPO pricehttps://www.forexyard.com/en/news/HMS-cuts-listing-price-size-sources-2011-02-08T133807Z-UPDATE-2
MOSCOW/LONDON, Feb 8 (Reuters)
.....Sources close to Nord Gold said there were no plans to cut the price of its offering. Pricing below its 300 to 390 pence per share range would not fully reflect the value of its assets, one of the sources said, and would give it a market capitalisation below rivals with lower production volumes. The private companies face competition for investor attention from the more established state sector, with VTB, Russia's second biggest bank, kicking off a $3.6 billion fundraising roadshow on Monday.