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Deripaska’s En+ Group Targets $8.5 Billion Valuation in IPO

  • En+ Group to sell 15.8%-18.8% of the company’s shares in IPO
  • Company announced price range at $14-$17 per GDR on Monday
Oleg Deripaska

Oleg Deripaska

Photographer: Simon Dawson/Bloomberg
Updated on

En+ Group Plc, the commodities company controlled by Russian billionaire Oleg Deripaska, may be valued as high as $8.5 billion before going public later this year.

That would put En+ among the ranks of Russia’s 30 biggest public companies. En+ is planning to raise $1.5 billion in an initial public offering in November and priced the shares at $14 to $17 apiece.