Petropavlovsk launches iron IPO road show, prices range HK2.2-3 dollars a share-source

摘要

IRC Limited, the company into which gold and iron ore miner Petropavlovsk plc has spun its iron ore assets off, has begun an IPO road show, a source at an investment fund told Interfax. The source said that according to Merrill Lynch, the price range is HK 2.2-3.0 dollars per share and that 1.325 billion shares are being offered to investors. The underwriters will get a green shoe option and the book will close on October 6, when pricing is due to take place.