OREANDA-NEWS. JSC VTB Bank (“VTB”) announced the pricing of its Global Offering of ordinary shares (“Shares”) and Global Depositary Receipts (“GDRs”).

The Global Offering has been priced towards the top of the indicative price range at 13.60 kopecks, US$0.00528 per Share and US$ 10.56 per GDR with each GDR representing 2,000 Shares.

A total of 1,513 billion newly issued Shares were allocated in the Global Offering, representing 22.5% of VTB’s enlarged share capital, implying a post money market capitalisation of VTB of US$ 35.5 billion.

The total offer size is approximately US$ 8.0 billion, making the VTB Global Offering the world’s largest IPO this year to date.