5 Apr 2011 10:17

Nomos Bank sets IPO range of $16-$18.5 per GDR, valued at $2.8 bln-$3.2 bln

MOSCOW. April 5 (Interfax) - Nomos Bank has set an IPO price range of $16-$18.5 per Global Depositary Receipt (GDR) or $32-$37 per share for its IPO, the bank said in a statement.

This would give the bank a market cap of $2.8 billion-$3.2 billion (78.4 billion-90.7 billion rubles).

Investors will be offered at least 20% of increased capital prior to an over-allotment option for the underwriters.