MOSCOW: Russian railcar manufacturer United Wagon Company has set a price range of 650-750 roubles (US$12.60-US$14.50) per share and increased its offering in Russia’s first initial public offering (IPO) in more than a year.
The company said in a statement it would sell 14% rather than at least 10% it announced earlier in its IPO on the Moscow exchange by end-April.
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