posted
Tried this on another forum, apparently the wrong one. I currently own shares(ADR) in a Russian oil company. The company has announced an upcoming IPO but I'm not sure how that affects me. Am I screwed or should my ADRs move in accordance with the share price after the IPO? I'd appreciate any insight anyone might have.
-------------------- There are those for whom such life makes all other existence seem tame! Posts: 52 | From: Alabama | Registered: Feb 2006
| IP: Logged |
posted
Metal, The symbol is RNGZY (Rosneft). Thanks. It looks pretty good to me.
-------------------- There are those for whom such life makes all other existence seem tame! Posts: 52 | From: Alabama | Registered: Feb 2006
| IP: Logged |
posted
I don't see any news as to and IPO. do you have a link to that headline?
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003
| IP: Logged |
posted
I have been following this for some time mainly via g**gle alerts. This is from a Bloomberg article.
Russia May Raise $20 Billion in Rosneft Stock Sale
Bloomberg, February 14, 2006
Russia's government plans to raise $20 billion through a share sale in oil producer OJSC Rosneft, what would be the world's largest initial public offering, as China and India seek to buy a stake in the company. [ details ]
-------------------- There are those for whom such life makes all other existence seem tame! Posts: 52 | From: Alabama | Registered: Feb 2006
| IP: Logged |
posted
Metal1, there is also www.rosneft.com/english/ which has several PRs and news about the company. Nt much in the way of charts, though.
-------------------- There are those for whom such life makes all other existence seem tame! Posts: 52 | From: Alabama | Registered: Feb 2006
| IP: Logged |
posted
interesting. not much info about the stock. i would guess it won't have much of an effect on the ADR but what do i know. kind of funky when these huge foreing companies list on the Pinks. i would keep an eye out for any new pr's.
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003
| IP: Logged |
I hear ya Bob and would not argue the semantics of an IPO definition. The fact remains that a issuance of shares seems to be forthcoming on one or more exchanges. I am just curious as to how these shares correlate to my ADRs in the same company. Any light you can shed in that arena?
-------------------- There are those for whom such life makes all other existence seem tame! Posts: 52 | From: Alabama | Registered: Feb 2006
| IP: Logged |
posted
Article doesn't say how big or any of the details you might need to come to a conclusion.
Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000
| IP: Logged |
posted
Bob, Right. That is where the difficulty lies. I don't think I stand to lose, per se, but would like to think that if it spikes at IPO, mine would as well. I do know that a valuation was done and estimate is 58 billion plus. The IPO is expected to raise 15-20 billion and there is speculation that it will be largest IPO ever. Maybe it's just the Kremlin releasing control of some shares, I don't know. Not sure how many shares are being offered but I probably have 100 emails/alerts from different sources relative to this transaction to include a multi-million dollar pipeline being built (trans-siberian) from Russia to China. Just curios as to whether it may be a sound investment (dare I say gamble?)
-------------------- There are those for whom such life makes all other existence seem tame! Posts: 52 | From: Alabama | Registered: Feb 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
