http://www.finamrus.com/newtopics/news03B9F/default.asp
Saint Petersburg Bank has announced its target placement range, $4.35-$5.65 per share and $13.05-$16.95 per GDR, the bank said in a statement. The lender's market capitalization is projected to be in the ballpark of $1.23 bln to $1.60 bln, and its free float will be up to 18%. As wired earlier, as part of the IPO investors will be offered to acquire the bank's new shares which will amount to 18% of the lending institution's total common voting shares after the offering. The bank is going to float common shares and GDRs without going through GDR listing procedures. Saint Petersburg Bank's stocks to be offered abroad will equal 35,599,999 common registered stocks or 11.7% of the upsized charter capital.
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