6th July 2011
Thursday, May 17th, 2012
Russian Valinor sets maximum IPO price at z³.948 million
Russian agro-group Valinor set its maximum share price at z³.39.5, valuing its upcoming IPO on the Warsaw Stock Exchange at up to z³.948 million, Reuters reported.
The company is expected to float approximately 40 percent of its stock on the exchange, putting the maximum value of the company at about z³.1.7 billion.
Valinor's parent company, Valars Management Ltd, is selling the shares, while Deutsche Bank and Troika Dialog are carrying out the book-building.
The official price is to be announced around July 15 and the company is expected to debut on the WSE at the end of July.
Thomas Kolasa
From Warsaw Business Journal
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