We Could Raise $1.5-2bln in IPO”, says Russia’s Alrosa Diamond Miner

Mineweb.com reports that Alrosa believes that it could raise as much as $2bln in an IPO by the end of the year.

The editorial is quoted as saying:

The indicative valuations from banks, based on the EBITDA, are $8-10 billion (for the whole company). A 20 percent stake could therefore raise $1.5-2 billion

To access the full editorial,click here.