MegaFon seeks USD1.7bn-USD2.3bn from IPO

15 Nov 2012

Russian mobile giant MegaFon hopes to raise between USD1.7 billion and USD2.3 billion through its planned initial public offering (IPO), which will see shares listed in London and Moscow. Kicking off an ‘investor roadshow’ in New York, the company offered an indicative range of USD20-USD25 per share, which if realised, would value the company at somewhere between USD11.2 billion and USD14.0 billion.

Russia, MegaFon