GV Gold postpones IPO after gold price falls

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By Sam Kerr
30 Mar 2021

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 ...

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