The price range of the initial public offering to be held by Transcontainer, a unit of Russia's state-run monopoly Russian Railways, has been set at $79-99 per share or $7.9-9.9 per GDR, Transcontainer said on Wednesday.
"The company's expected value after the offering will range from $1.310 billion to $1.588 billion, calculated on a 6.459 billion ruble net debt as of June 30, 2010, which equals about $212 million at the central bank's exchange rate for October 27, 2010," the company said.
Transcontainer is to float 35 percent minus two shares for the IPO.
"The company's expected value after the offering will range from $1.310 billion to $1.588 billion, calculated on a 6.459 billion ruble net debt as of June 30, 2010, which equals about $212 million at the central bank's exchange rate for October 27, 2010," the company said.
Transcontainer is to float 35 percent minus two shares for the IPO.