TMKТs IPSCO Tubulars to offer 23 mln shares at $20Ц23/share - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

TMKТs IPSCO Tubulars to offer 23 mln shares at $20Ц23/share

MOSCOW, Jan 29 (PRIME) -- IPSCO Tubulars, a subsidiary of Russian oil and gas pipe maker TMK, plans to offer about 23.3 million shares at U.S. $20Ц23 per paper during an initial public offering (IPO), the company said in a statement on Monday.

IPSCO Tubulars will sell 7.4 million shares, and TMK will sell 15.8 million shares it owns in the affiliate, the company said.

BofA Merrill Lynch and Morgan Stanley will act as joint book-running managers of the deal, while J.P. Morgan, UBS Investment Bank, Citigroup, Credit Suisse, Barclays, and Evercore ISI will act as joint book-runners of the offering, TMK said.


29.01.2018 17:06
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