Rusal’s $2b IPO Approved By HK Bourse, Watchdog
Rusal’s application for a $2 billion initial public offering on Hong Kong’s stock exchange has received approval from the bourse and the securities regulator, allowing the world’s largest aluminum producer to become the first Russian company to list in the territory.
The Securities and Futures Commission will prevent Rusal, controlled by billionaire Oleg Deripaska, from offering stock to retail investors.
Bloomberg
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