Henderson says sets IPO price range at 600–675 rbl/share

MOSCOW, Oct 25 (PRIME) -- Russian brand of men's clothing and shoes Henderson has set the share price range for an initial public offering (IPO) at 600–675 rubles, which values the company at 21.6–24.3 billion rubles without an expected additional share issue, the company said in a statement on Wednesday.

"The total volume of the IPO stands at 3.63 billion rubles, and the free float of the group may amount to 15%," the company said.

According to the statement, Henderson plans to transfer a 10.5% stake to a group of employees in the framework of a motivation program in case of completion of the IPO.

The company said earlier in October that it planned to hold an IPO on the Moscow Exchange with the start of trading expected in early November.

(93.5224 rubles – U.S. $1)

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