MOSCOW Feb 27 Russian retailer Lenta has set a
price for its planned London stock market listing at $10 per
global depositary receipt (GDR), closer to the lower limit of
the initial range of $9.5-$11.5, a source close to the placement
said on Thursday.
The hypermarket chain could raise up to $952 million in a
deal which also provides for a 15 percent overallotment option.
The listing will be carried out on the LSE and MICEX
and trading was expected to start on Friday.
The company is expected to maintain 22.1 percent of shares
in free float after the IPO, which does not include the option.