MOSCOW (Reuters) – Russian private health clinic operator European Medical Centre (EMC) on Wednesday said the indicative price range for its July initial public (IPO) has been set at $12.5-14 per GDR, giving it an equity value of up to $1.26 billion.
Financial market sources told Reuters in May the company was considering an IPO as early as this summer and could raise about $500 million.
(Reporting by Olga Popova; writing by Alexander Marrow; editing by Jason Neely)
