GV Gold to hold IPO in Moscow and London

GV Gold, Russia's eighth largest gold miner, plans to hold an IPO in Moscow and London in the first quarter of this year. Credit Suisse will act as sole underwriter for the IPO.

Insiders say the miner hopes to raise around 200 million dollars through the float which could be held as early as February.

The company says it wants to raise its international profile and increase annual production by 85 percent over the next three years.