IPOS
FONT-SIZE Plus   Neg
Share SHARE

MegaFon Sets IPO Price Range At $20 - $25/shr - Quick Facts

TeliaSonera (TLSNY.PK, 0H6X.L) confirmed that MegaFon has announced its publication of the prospectus and price range for its initial public offering, or IPO.

The price range has been set at $20 to $25 per share. The offering is expected to represent a minimum offer size of $1.7 billion. Pricing is expected to be announced and trading is expected to begin on November 28.

MegaFon's market capitalization is valued at around $11 billion to $14 billion on the basis of the price range.

Lars Nyberg, president and chief executive officer, stated, "We are happy to have reached this stage of the process and expect to receive proceeds of SEK 9 billion to SEK 11 billion following a successful completion of the IPO."

Click here to receive FREE breaking news email alerts for TeliaSonera and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus