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WBD’s New York IPO attracted remarkable liquidity |
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It is not every company that can use the fact that its biggest shareholder served nine years in a labour camp for “violent crime” as proof of its commitment to boosting shareholder value. Wimm Bill Dann (WBD), Russia’s biggest dairy and juice producer, did just that when it raised $200 million from US investors in the middle of February.
WBD floated a quarter of its stock on the New York Stock Exchange in Russia’s fourth-ever US IPO.
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