(Bloomberg) -- Kazakhstan Kagazy Plc, a cardboard
maker with real-estate assets, raised $240 million in an initial
public offering of stock after cutting the deal's price and size.
The company, with customers including PepsiCo Inc. and
Gallaher Group Plc, sold global depositary receipts at $5 apiece,
Kazakhstan Kagazy said today in a statement. The price is lower
than the original range of $7.50 to $9.50 per receipt that it was
seeking. Existing investors that planned to sell stock in the IPO
didn't dispose of their shares.
Read more at Bloomberg Emerging Markets News
maker with real-estate assets, raised $240 million in an initial
public offering of stock after cutting the deal's price and size.
The company, with customers including PepsiCo Inc. and
Gallaher Group Plc, sold global depositary receipts at $5 apiece,
Kazakhstan Kagazy said today in a statement. The price is lower
than the original range of $7.50 to $9.50 per receipt that it was
seeking. Existing investors that planned to sell stock in the IPO
didn't dispose of their shares.
Read more at Bloomberg Emerging Markets News
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