Russian firm MD Medical names its flotation range

Russian healthcare firm MD Medical has announced the price range for the forthcoming flotation of its global depositary receipts (GDRs) on the London Stock Exchange.

Russian healthcare firm MD Medical has announced the price range for the forthcoming flotation of its global depositary receipts (GDRs) on the London Stock Exchange.

The GDRs will be offered at a price somewhere between $11.25 and $13.50 each. The total size of the offering is expected to be between $295m and $343m, of which $150m will be new shares issued by the company with the rest being shares currently held by the company's sole shareholder, MD Medical Holding.

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