05.04.2011 - Russia's Etalon targets up to $650 mln from IPO
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
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