Ros Agro, the sugar and grain producer also known as Rusagro, set a price range for its initial public share offering of $14.50 to $18.25 per General Depositary Receipt, the company said in an e-mailed statement Monday.
The value of the company according to this price range is $1.7 billion to $2.08 billion. If Alfa Capital Markets, Credit Suisse and Renaissance Capital, which are managing the sale, exercise the overallotment option in full, Rusagro's market value will be $1.75 billion to $2.13 billion.
Rusagro said it would raise $300 million in the IPO. It said March 17 that it planned to sell GDRs in London. The company canceled an initial public offering in May, citing volatile markets.