IPO Yuzhuralzolot was at the lower end of the range

Yuzhuralzoloto raised ₽7 billion in its IPO by placing shares at the lower end of the price range at ₽0.55. Thus, the entire company was valued at ₽117 billion. Kommersant's sources explained that the offering price was set at the lower end of the range despite the oversubscription of the book, as there were large bids at that level. However, strong demand allowed the offering to be increased to 6% of the enlarged authorized capital.