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UPDATE 1-Nomos to sell 20 pct stake in IPO

Published 04/05/2011, 02:39 AM
Updated 04/05/2011, 02:44 AM
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* Mid-size bank to place shares in London, Moscow

* Sets price range at $32-$37 a share, $16-$18.5 per GDR

* To be valued at up to $3.2 billion pre deal

(Adds detail)

MOSCOW, April 5 (Reuters) - Mid-size Russian bank Nomos will place shares amounting to 20 percent of its share capital in its upcoming IPO, which will value the company at up to $3.2 billion.

The bank, the fourth in a current wave of Russian private issuers to announce price ranges for upcoming IPOs, said on Tuesday it would place ordinary shares at $32-$37, or $16.0-$18.5 per global depository receipt (GDR).

The offering will partly comprise the sale of existing shares by Czech shareholder Roman Korbacka.

Credit Suisse, Deutsche Bank and VTB Capital acted as joint coordinators of the offering.

(Reporting by John Bowker and Olga Popova, Editing by Andrey Ostroukh)

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