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TeliaSonera AB's MegaFon IPO Priced At USD20 Per GDR And Share

Wednesday, 28 Nov 2012 03:00am EST 

TeliaSonera AB announced that MegaFon IPO has been priced at USD20 per GDR and per share and that trading will commence November 28, 2012. The offer price is set at USD20 per GDR and per share, with each GDR representing an interest of one share. MegaFon’s market capitalization is valued at approximately USD11 billion at the offer price. The offering is valued at approximately USD1.9 billion of which TeliaSonera will receive USD1.3 billion (approximately SEK9 billion), assuming exercise in full of the over-allotment option. 

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-0.8 -1.52%
11:29am EDT