GV Gold postpones IPO after gold price falls

GV Gold, the Russian gold miner, has postponed its listing on the Moscow Stock Exchange as a difficult IPO market and falling prices in the precious metal force the company to rethink its plans.
The gold miner had been set to price a $500m-equivalent IPO in Moscow this week, but on Tuesday evening decided to postpone the listing.
The company had been hoping for at least a $1.5bn-equivalent valuation but sources close to the deal said that investors had been trying to ...Already a subscriber? Login