African Barrick Gold (ABG) priced its initial public offering (IPO) at 575 pence per share, at the bottom end of the 550 pence to 650 pence range, ahead of the start of trading on Friday. The price for ABG, the biggest flotation in London in almost two years, values the company at about 2.33 billion pounds ($3.6 billion). London-headquartered ABG is likely to be admitted to the FTSE 100 Index.
See http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=101180&sn=Detail&pid=92730.
For background on Barrick, see http://www.minesandcommunities.org/list.php?r=98, http://www.protestbarrick.net/index.php and http://londonminingnetwork.org/?s=Barrick.