Russian Helicopter IPO Fails To Get Off The Ground | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Fri, May 13, 2011

Russian Helicopter IPO Fails To Get Off The Ground

State-Run Company Fails To Draw Significant Interest

There was a time when the very mention of the three letters "IPO" sent investors into a frenzy, but such was not the case for the London offering of Russian Helicopters, a state-run defense company attempting to raise about $500 million in a private capitalization plan.

After investors yawned at the offering, the company pulled the IPO from the table. Analysts say that it is likely that the company was a bit too ambitious with the $19-$25 per share initial price.

The blog "Russia Beyond The Headlines" reports that, according to Down Jones, the company came close to filling its order book, but did not quite reach the critical mass needed to continue. Dow Jones said that since Russian Helicopters was unable to release information regarding orders from the Russian government, investors were not able to know how to assess the company's value.

Russian Helicopters is reportedly just the latest Russian company to fail to generate IPO interest, including Nomos Bank and phone retailer Evroset.

FMI: www.rus-helicopters.ru/en

Advertisement

More News

ANN's Daily Aero-Linx (05.04.24)

Aero Linx: JAARS Nearly 1.5 billion people, using more than 5,500 languages, do not have a full Bible in their first language. Many of these people live in the most remote parts of>[...]

NTSB Final Report: Quest Aircraft Co Inc Kodiak 100

'Airplane Bounced Twice On The Grass Runway, Resulting In The Nose Wheel Separating From The Airplane...' Analysis: The pilot reported, “upon touchdown, the plane jumped back>[...]

Aero-News: Quote of the Day (05.04.24)

"Burt is best known to the public for his historic designs of SpaceShipOne, Voyager, and GlobalFlyer, but for EAA members and aviation aficionados, his unique concepts began more t>[...]

Aero-News: Quote of the Day (05.05.24)

"Polaris Dawn, the first of the program’s three human spaceflight missions, is targeted to launch to orbit no earlier than summer 2024. During the five-day mission, the crew >[...]

Read/Watch/Listen... ANN Does It All

There Are SO Many Ways To Get YOUR Aero-News! It’s been a while since we have reminded everyone about all the ways we offer your daily dose of aviation news on-the-go...so he>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC