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(ALEXANDER DEMIANCHUK/REUTERS)
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More questions than answers in Megafon IPO pitch
— Financial Times
Published
Last updated
Caveat emptor. It would be nice to offer investors some views on whether Megafon represents an interesting investment at the expected pricing range of $20 (U.S.) to $25 per share or global depositary receipt. (The former will trade in Moscow, the latter in London.) This is Russia’s second-largest mobile company behind MTS. Its market capitalization could be up to $14-billion.
