RUSAL raises $2.2 billion in Hong Kong IPO
Email
Print
Aluminum Company News
Post by Researcher , Aluminum Researcher
Post by Researcher , Aluminum Researcher
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
Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.
Leave a Comment
What is Aluminum Investing News' Comment Policy?
Aluminum Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions: