MOSCOW/LONDON, Oct 10 (Reuters) - Order books are covered onthe $300 million London listing of Russia's MD Medical Group(MDMG), according to three sources close to the deal.
The offering includes $150 million of global depositaryreceipts (GDRs) to raise money to fund the expansion of thecompany's clinic and hospital network, as well as Â£148 millionof existing shares being sold by MD Medical Holding Limited.
There is also a 15 percent over-allotment option which couldtake the total deal size to $343 million, valuing the company atas much as $995 million.
It is one of three Russian companies currently undertakingLondon listings, with mobile operator MegaFon on Tuesdayannouncing its plans to float in London, and lender Promsvyabankdue to close its order books next week.
MDMG is offering its GDRs at $11.25 to $13.50 each and orderbooks are due to close on Thursday.
(Reporting by Olga Popova and Kylie MacLellan)
Keywords: MDMG IPO/