Prime Business News Agency 11 October 2012
The Russian chemical producer Polyplast plans to hold its initial public offering (IPO) in 2012 on the Moscow merged exchange MICEX-RTS and a secondary public offering (SPO) in 2016-2017, the company said in a statement Thursday.
A banking source told PRIME that the IPO amount was set in the range between 1 million rubles to 1.2 million rubles, while the placement was slated for November.
The company plans to spend the money raised on upgrades to facilities, extending its range of products and R&D financing.
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