LSR Group (LSRGq.L: Quote, Profile , Research) raised $772 million on Friday with a flotation priced in the middle of the offer range, as Russia's commercial property and housing booms on the back of rising incomes and economic growth.
The company, which focuses on Russia's second largest city of St Petersburg, the home-town of President Vladimir Putin, said it had priced the offering at $14.5 per Global Depository Receipt and at $72.5 per local share.
