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Article: Price range for VTB IPO expected at 0.113-0.139 rubles per share - press release.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- April 25, 2007
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Price range for VTB IPO expected at 0.113-0.139 rubles per share - press release
MOSCOW. April 25 (Interfax) - VTB expects the price range for its planned IPO to be 0.113-0.139 rubles per share, VTB said in a press release.
"The indicative price range has been set at 11.30 kopecks to 13.90 kopecks per Share, which equates to $8.77 to $10.79 per GDR, based on the official exchange rate quoted by the CBR [the Central Bank of Russia] of 25.7760 rubles per US dollar on April 25, 2007 and with each GDR representing 2,000 Shares," the press release says.
"Based on the abovementioned exchange rate, the price range reflects an implied market ...