Russian gold producer Nordgold confirms IPO plans

MOSCOW, Jun 10 (PRIME) -- Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has confirmed plans to hold an initial public offering (IPO) to float existing shares, the company said in a statement on Thursday.

Nordgold plans to get listed with the London Stock Exchange (LSE) at the end of June. On Wednesday, the common shares of the company received trade admission to the Moscow Exchange under the ticker NORD.

Nordgold floated its shares on the LSE in 2012, but delisted in 2017.

Ocean Management Limited will act as the issuer. The company’s free-float will amount to at least 25% after the placement.

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