Advertisement
UK markets closed

  • NIKKEI 225

    39,631.06
    +47.98 (+0.12%)
     

  • HANG SENG

    17,718.61
    +2.11 (+0.01%)
     

  • CRUDE OIL

    83.40
    +0.02 (+0.02%)
     

  • GOLD FUTURES

    2,341.10
    +2.20 (+0.09%)
     

  • DOW

    39,169.52
    +50.66 (+0.13%)
     

  • Bitcoin GBP

    49,656.72
    +126.89 (+0.26%)
     

  • CMC Crypto 200

    1,346.34
    +44.27 (+3.40%)
     

  • NASDAQ Composite

    17,879.30
    +146.70 (+0.83%)
     

  • UK FTSE All Share

    4,451.48
    -0.44 (-0.01%)
     
Stocks:

Trending tickers: Boeing, Harland and Wolff, oil, BlackRock

The latest investor updates on stocks that are trending on Monday

Kazakhstan's Air Astana raises $120 million in dual London, local IPO

Reuters
·1-min read
FILE PHOTO: A view shows Air Astana planes parked at Almaty International Airport

ALMATY (Reuters) - Kazakhstan's flag carrier Air Astana priced its initial public offer on Friday, giving it a capitalisation of about $847 million, and valuing the offer at $350-370 million.

Out of that sum, the company itself is raising $120 million while the rest goes to the UK's BAE Systems and Kazakh sovereign wealth fund Samruk Kazyna, its existing shareholders, the firm said in a statement.

The offer was prices at $9.50 per global depository receipt (GDR), or 1,073.83 tenge ($2.39) per share. The GDR fell to $9.10 on the London Stock Exchange by 0950 GMT.

Much of the offer, however, went to Kazakh investors, and on the local AIX exchange, the same GDR was trading at $9.40.

($1 = 448.5500 tenge)

(Reporting by Olzhas Auyezov; editing by Jason Neely)