MOSCOW Nov 25 Mikhail Gutseriyev, a co-owner of
the Russian mid-sized oil company Russneft, said in a statement
that the demand during the company's initial public offering
(IPO) has exceeded offer by more than 30 percent.
Russneft has priced a share at 550 roubles ($8.52) during
the placement, offering 20 percent of its ordinary shares or 15
percent of the share capital owned by the Gutseriyev's family.
The family has raised 32.4 billion roubles in the deal,
which put Russneft market capitalisation at 161.8 billion
roubles, the company said on Friday.
($1 = 64.5215 roubles)
(Reporting by Katya Golubkova and Vladimir Soldatkin)