OREANDA-NEWS. August 31, 2009. FSS has authorized Trubnaya Metallurgicheskaya Kompaniya to place 65.47 mn shares abroad, the regulator said in a press release. The pipe maker declined to comment. As reported earlier, the company launched an IPO in October 2006 and placed 180 mn shares.

In addition, the selling shareholder granted a 30-day over-allotment option to global co-arrangers for 18 mn shares. Concurrently with the placement, the selling shareholder sold another 2.65 mn shares to the pipe maker’s staff. The company’s free float, including additional shares, amounts to nearly 23% of its share capital.