Pig iron exporter Koks is seeking to raise $480 million selling shares in London and Moscow, the Kemerovo-based company said in a statement Monday.
Koks said a sale at the top of the range would give it a market value of $2.6 billion. The company, which also produces coal, is controlled by lawmaker Boris Zubitsky and his two sons. Koks is offering a 7.9 percent stake via treasury shares, and the Zubitsky family is selling at least 12.1 percent. Citigroup, UBS and VTB Capital are managing the sale.