UC Rusal, the aluminium group controlled by Russian oligarch Oleg Deripaska, on Wednesday fell sharply on its Hong Kong trading debut following its long struggle to come to market. The shares fell more than 9% to HK$9.80 in early trading, against the IPO price of HK$10.80, while the Hang Seng index rose nearly 1%. Rusal, which had hoped to raise up to US$2.6bn, priced its IPO in the middle of an indicative range last week to collect US$2.2bn.

This entry was posted by Gwen Robinson on Wednesday, January 27th, 2010 at 5:17 and is featured in The 6am Cut London (27 Jan 2010) . Tagged with UC Rusal. Edit this entry.