Segezha presses ahead with IPO despite political turmoil

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By Sam Kerr
21 Apr 2021

Segezha, the Russian paper and pulp company, has set a price range on its IPO despite the growing pressure faced by Russian companies as hostility between the country and the US increases.

The company announced on Wednesday morning that it expects to issue new shares representing as much as 32.4% of its share capital, raising at least Rb30bn ($391.6m).

The announcement indicated a price range of between Rb7.75 and Rb10.25 a share and the company is aiming for a market ...

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