Роснефть (ROSN)
“Rosneft” – the Russian oil and gas company, 69.5% owned by the state. It is the world\’s largest publicly traded company on the volume of oil production.
In July 2006, it held an initial public offering (IPO) «Rosneft». The Federal Service for Financial Markets of Russia allowed the placement and circulation outside the country of 22.5% of shares of “Rosneft”.
“Rosneftegas” sold part of its shares in a broad range of investors on the London Stock Exchange (LSE), the RTS and MICEX. Also part of the shares distributed among the Russian population through the offices of “Savings Bank”, “Gazprombank” and others.
July 14, 2006 placement of official results were announced. The company sold shares at $ 7.55 per share – almost at the upper end of the price band, which corresponds to the capitalization of the company (including the upcoming consolidation of subsidiaries) at $ 79.8 billion (according to this indicator, “Rosneft” has become the largest oil company in Russia, ahead of “Lukoil “). Investors bought 1.3 billion shares at $ 10 billion.
IPO «Rosneft” has become the largest in the history of Russia and the world\’s fifth volume of collected money. The declared amount may increase by another $ 400 million if the global placement coordinators within 30 days of implementing the option, buy out another 53 million GDR «Rosneft” at the offering price.
