Russian mobile phone retailer, Euroset Holding, will launch an initial public offering (IPO), The Wall Street Journal reports. The company is expected to raise about $140 million through the issue of new and existing shares on the London Stock Exchange. Euroset will float the shares as global depositary receipts. Goldman Sachs, Credit Suisse, Alfa Bank and VTB Capital will act as global coordinators and bookrunners. The company has been valued at between $3.16 billion and $4.92 billion ahead of the listing by the banks.
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