Replies to post #81582 on Global Diamond Exchange, Inc. (GBDX)

[capten]

Russia's Alrosa to issue IPO at the end of 2012 or the beginning of 2013.

http://www.bullionstreet.com/news/russias-alrosa-to-issue-ipo-at-the-end-of-2012/80

Alrosa,Russia's state-owned diamond monopoly may hold an initial public offering at the end of 2012 or the beginning of 2013.
Alrosa diamond display

MOSCOW(BullionStreet):?Alrosa,Russia's state-owned diamond monopoly may hold an initial public offering at the end of 2012 or the beginning of 2013.

According to Alrosa Vice President Igor Kulichik?it is likely to take place at the end of 2012 or the beginning of 2013 and is likely to be a joint deal with an IPO and a Secondary Public Offering.

Alrosa would be looking at a valuation between $12 billion to $15 billion, and added that the company was initially looking at a standard IPO with GDR placement in Europe, but later became more interested in a Russian listing on the MICEX.

He also said that Russian authorities should decide on the scale of privatization first, adding that the company was doing its best to maximize its value.

The government plans to privatize a stake in Alrosa in 2012-2014 and to withdraw from the company's capital completely by 2017.



Capten

[starfire]

What's OAO & ZAO?? they have already transited to international financial standards, IFRS which is accepted in Europe and not yet in the US but nonetheless could IPO on the Pinksheets. December 2012 will be their 2nd year of financials in IFRS format which means they are ready to be listed. Listing in the US will be a great deal of benefit to Alrosa.