Rosneft roadshow fires investor interest
27 Jun, 2006 06:19
Russian energy firm Rosneft, heading for the country’s largest-ever IPO, has taken to its roadshow sparking keen interest from small investors despite recent stock market volatility. Setting out plans for listing in Russia and London, the public in genera
The company expects to raise ten billion dollars from the move, setting a share price at between $5.85 and $7.85.Rosneft wants the support of ordinary Russian citizens, who can apply for shares at their local Sberbank and for whom the move’s rated an inflation-beating money-maker. Minimum bid is set at 15,000 roubles, and first-time shareholders are expected to be high profile among those buying. Investors have until July 10 before applications close.