Russian real estate developer Etalon Group aims to raise up to $650 million from its London IPO, more than previously stated and valuing the company at as much as $2.51 billion.

Etalon, which builds residential property in Moscow and St Petersburg, said in a statement on Monday a sale of new shares would raise $500 million, while existing shareholders would sell stock to raise another $150 million……………………………………..Full Article: Source