RUSAL raises $2.2 billion in Hong Kong IPO
Russia’s UC RUSAL, the world’s largest aluminum producer, raised $2.2 billion through its initial public offering. The company also brought the debt-burdened company a step closer to being the first non-Asian firm to have a primary listing in Hong Kong.
The press release is quoted as saying:
RUSAL, which will become the flagship Russian stock in Hong Kong when trading launches on January 27, overcame heavy scrutiny to win approval from the bourse. Retail investors who usually swarm to Hong Kong listings were excluded as a precaution.
Click here to access the entire press release
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Fri, Jan 22, 2010
Post by Mike Rodger, Aluminum Reporter