Goldman Sachs, J.P. Morgan, Morgan Stanley to co-manage Alrosa IPO

Goldman Sachs, J.P. Morgan, Morgan Stanley, and Russia’s VTB Capital and Renaissance Capital will co-manage a planned IPO announced by Russia’s Alrosa, the world’s main diamond producer, on Wednesday.

Alrosa will offer a 16% stake for sale on Moscow Exchange, the state-controlled company, which produces 94% of Russia’s diamonds, said in a statement.

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