Realty developer Samolet's IPO guidance at 950–1,100 rbl/share

MOSCOW, Oct 22 (PRIME) -- Russian real estate developer Samolet Group of Companies has set the price guidance for an initial public offering (IPO) at 950–1,100 rubles per share, the company said in a statement on Thursday.

"The price guidance of the offering was set at 950–1,100 rubles per share, which translates into an assumed valuation of shareholder capital of the company at 57–66 billion rubles," the company said.

Mikhail Kenin will offer a 1% stake, Igor Yevtushevsky a 0.5% stake, and a company controlled by one of the main shareholders, Pavel Golubkov, a 3.6% stake. After the IPO, the company’s free float will amount to around 5% of the extended charter capital.

The share trade is to start on October 29.

VTB Capital will be the only global coordinator. VTB Capital and BCS Global Markets are the book runners.

(77.0322 rubles – U.S. $1)

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