Russia's Nomos Bank seeks upper end of IPO price range

MOSCOW: Russia's Nomos Bank is hoping to price its London IPO towards the higher end of expectations after narrowing the potential range to $17.25 $18.5 from $16 $18.5 per GDR, a financial market source told Reuters.

The company, which is looking to raise around $700 million, is the final member of a quartet of Russian private issuers seeking London IPOs before Britain's Easter holidays next week.

Sugar and pork producer Rusagro and real estate developer Etalon expand just over $900 million between them after pricing IPOs at the low end of their price ranges, while mobile phone retailer Euroset called off its $1.5 billion float.