Support The Moscow Times!

Alrosa Considers 2011 IPO

Alrosa may hold an initial public offering next year that could value the company at between $7.3 billion to $9 billion, Vedomosti reported Monday, citing an unidentified company official.

Alrosa expects to sell between 20 percent and 25 percent of the company for $1.5 billion to $2.3 billion.

The company said it plans to sell $3.46 billion of diamonds in 2010, up slightly from last month’s forecast of $3.34 billion. 

(Bloomberg)


Read more