Russian group Global Ports is seeking to raise up to $570 million from an initial public offering (IPO) in London, Financial Times reports. The division of Russian transport and infrastructure conglomerate N-Trans will sell 35.5 million shares at $14.70-16.10 per share. The sale will provide the company a pre-money equity valuation of $2.2-2.4 billion. The company previously sought $750 million from the IPO, adds Reuters. The company has appointed Deutsche Bank, Goldman Sachs International, Morgan Stanley and Troika Dialog as the joint global coordinators and joint bookrunners of the deal.

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