Published: April 26, 2011
Manufacturer could raise US$500mn in May debut.
Russian Helicopters, a designer and manufacturer of helicopters, has announced that shares and depositary receipts for its forthcoming IPO in London and Moscow will be priced between US$19 and US$25.
This will value the company at between US$1.8bn and US$2.3bn. Russian Helicopters expects the offer to raise US$500mn to reduce debt and fund acquisitions.
The offer price of the IPO will be finalised on or around May 11 with admission to trading expected to take place up to a week later.
The IPO will involve the sale of shares by major shareholder Oboronprom, a Russian state-owned aerospace company.
Russian Helicopters has appointed Bank of America Merrill Lynch, BNP Paribas and VTB Capital as its global co-ordinators and bookrunners.