×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Alrosa Surges Prior to IPO

Alrosa, Russia’s diamond mining monopoly, will surge in value in anticipation of an initial public offering and higher demand for gems, Metropol said Thursday.

The company’s shares, which now change hands in an informal market at about $9,500 apiece, may reach $16,345 by the end of 2011 before an IPO the following year, Metropol said in a note, initiating coverage of the company with a “buy” rating.

Alrosa may sell shares in an IPO no earlier than 2012, Renaissance Capital said in June, citing unidentified company executives.

(Bloomberg)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more