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-05.13.24

Airborne-NextGen-05.07.24

 Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

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-Term (05.10.24): Takeoff Roll

Takeoff Roll The process whereby an aircraft is aligned with the runway centerline and the aircraft is moving with the intent to take off. For helicopters, this pertains to the act>[...]

Aero-News: Quote of the Day (05.10.24)

“We’re proud of the hard work that went into receiving this validation, and it will be a welcome relief to our customers in the European Union. We couldn’t be mor>[...]

Aero-News: Quote of the Day (05.11.24)

"Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the >[...]

ANN's Daily Aero-Term (05.11.24): IDENT Feature

IDENT Feature The special feature in the Air Traffic Control Radar Beacon System (ATCRBS) equipment. It is used to immediately distinguish one displayed beacon target from other be>[...]

ANN's Daily Aero-Linx (05.11.24)

Aero Linx: Pararescue Air Force Pararescuemen, also known as PJs, are the only DoD elite combat forces specifically organized, trained, equipped, and postured to conduct full spect>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.15.24: Ghost Sq MidAir, B-2 Junked, Dream Chaser Readies

Airborne-NextGen 05.14.24: 5293 Drone Record, Airbus Acquires, VA-1X UAS Accident

Airborne 05.13.24: DC-9 Jump Plane, Wag-Aero Sold, VA-1X AAIB Report

See All

Advertisement

Podcasts

Advertisement

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