Russian miner GV Gold eyes up to $1.8B Moscow IPO – FT

PJSC GV Gold announced its plan to launch an initial public offering on the Moscow stock exchange that would value the company at $1.5 billion to $1.8 billion, Financial Times reported March 15, citing people familiar with the matter.

All of the Russian midsized gold miner's major shareholders will sell shares in the IPO, but the company will not, according to the report.

GV Gold has tapped Goldman Sachs International, Sberbank CIB, UBS and VTB Capital as joint global coordinators and joint bookrunners for the offering, while Raiffeisen and Sova Capital will act as co-bookrunners.

The company had attempted to hold an IPO in London in 2007 and 2018, the report said.