Russia's diamond miner Alrosa to raise $1.3 billion in IPO

Reuters

MOSCOW, Oct 28 (Reuters) - Russia's diamond miner Alrosa said on Monday it would price its 16-percent sharesale via initial public offering at 35 roubles per share toraise a total of 41.3 billion roubles ($1.30 billion).

The price was at the lower end of a previously announcedrange of 35-38 roubles per share.

The book for the sale of the stake on the Moscow Exchangewas closed on Oct. 25, after a two-week marketing process.

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