Deripaska's En+ Group Targets $8.5 Bi...

Deripaska's En+ Group Targets $8.5 Billion Valuation in IPO

Russian billionaire Oleg Deripaska's En+ Group Plc announced a price range for its initial public offering, indicating a valuation as high as $8.5 billion before it issues new shares. En+ wants to sell shares and global depositary receipts in Moscow and London at $14 to $17 apiece, the company said in a statement on Monday.

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