Explorer RusPetro Lists in Rare London IPO

摘要

Russia-focused UK independent RusPetro this week raised ￡163 million ($251.8 million) from an initial public offering (IPO) in what was London’s first main-market listing since last summer after a bumpy ride for equities (IOD Jul.22’11). RusPetro, whose Chief Executive Donald Wolcott was formerly in charge of production operations at now defunct Russian oil giant Yukos, said Wednesday it was issuing 121.542 million new ordinary shares in the offering, priced at 134 pence ($2.07) per share (IOD Sep.21’11).