Kazakhstan – Kazakhmys, the world’s tenth-largest copper producer, should raise as much as $1.4 billion when it floats between 26% and 30% of its stock in London later this year. The company boasts an impressive ebitda margin of 60% and a net margin of 34%. It mines about 90% of Kazakhstan’s copper output. Copper prices have gone through the roof in the past 12 months and demand for the shares reflects this. The share price range had been set at $8.10 to $9.60. Credit Suisse First Boston and JPMorgan Cazenove are joint global coordinators and bookrunners.
Nigeria – Energy company Oando plans to list on the Johannesburg Stock Exchange by the end of the year in a deal that could raise the company more than $1 billion over the next five years. Oando has a market capitalization of $400 million and is the sixth-largest company listed on the Nigerian Stock Exchange. It will be the first Nigerian company to be listed in South Africa. Oanda’s decision to seek a dual listing could encourage other African companies to follow suit. Oando is Nigeria’s largest energy group, with strategic investments in energy companies across west Africa.
Slovakia – SkyEurope Airlines has become the first Slovakian company to list internationally, having undertaken a €70.8