Russia’s Segezha Group Seeks $2 Billion Valuation in IPO
- The company expects the pricing of the deal around April 28
- Segezha proceeds with IPO amid Russian tensions with the West
Photographer: Andrey Rudakov/Bloomberg
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Wood, paper and packaging producer Segezha Group set a price range for its initial public offering in Moscow that values the company at as much as 152.4 billion rubles ($2 billion).
That’s the top end of the 7.75 rubles to 10.25 rubles per share range offered to investors, Segezha, owned by billionaire Vladimir Evtushenkov’s Sistema PJSFC, said in a statement on Wednesday. The valuation of the company is given on a post-money basis, with pricing expected around April 28.