Russian mobile-phone retailer, Euroset Holding, has delayed its proposed initial public offering (IPO), The Wall Street Journal reports. The company had planned to offer existing shares, held by Alexander Mamut, to raise about $0.94-1.15 billion.
Mamut owns a 50.1% stake in Euroset and had aimed to sell up to 35% of his stake in the IPO. The company had also planned to sell another small tranche of new shares to raise about $140-171 million.
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