Segezha Group: Pre-IPO View New Sector Champion
smartmoney.oneIPO deal in a nutshell Segezha will hold its an IPO on the Moscow Exchange at a valuation of RUB122.5-152.4 bn (RUB7.75-10.25 RUB/share), according to Interfax.The placement would include a base offer of a new issue with raising at least 30 bn rubles and an additional placement option in the amount of up to 15% of the base transaction volume.From RUB30 bn to 39.7 bn IPO proceeds will be used for the company’s development and debt leverage cut.
Top management agreed on a twelve-month grace period for selling their shares, while the grace period for the core shareholder Sistema is six months.