Yuzhuralzoloto starts accepting applications for participation in the IPO

Yuzhuralzoloto Group has set the price range for the offering at ₽0.55-0.6 per share, which corresponds to a pre-money valuation of ₽110-120 billion. Acceptance of applications for the IPO starts today and will last until November 21. At the moment, the company has already received indicative bids from several major Russian institutional investors for 50% of the offer volume. Trading in the shares is scheduled to begin on November 22 under the ticker UGLD.