IPO of Diode Plant in Russia

The range of the offering price of Diode shares, a plant of ecological engineering and environmental ecological food,  defined in the IPO in 30,55-40,74 rubles per share, said the head of Finam (organizer of placement) Vladislav Kochetkov.
Reception of applications begins on Wednesday from 12.00 Moscow time and ends on June 22. On June 24 begins trading on exchange by shares of the company.
Diode in the process of IPO is the second among Russian companies in the biotechnology sector. In December, quite successful IPO was held by the Institute stem cells (ISKCH). 

In late May Diode announced a public offering to investors of 25 per cent of its capital. The company plans to raise up to $ 25 million.



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