The state rail monopoly set the IPO price at $7.9-9.9 per global depository receipt, with each GDR equal to 10 shares.
That values the freight specialist, which had earnings of 590 million roubles ($19.41 million) in 2009 on revenues of 16.4 billion roubles, at $1.31 billion to $1.59 billion.
"Russian Railways is strongly focused on implementing structural reforms directed at increasing effectiveness and profitability," Chief Executive Vladimir Yakunin said in a statement.
"The listing of TransContainer shares on London and Moscow stock markets is yet another step in this process."
Russian Railways plans to sell 35 percent minus two shares -- or a total of 48.6 million GDRs.
According to Reuters calculations, this means the IPO would raise $384-481 million, broadly in line with earlier estimates.
The largest player on Russia's intermodal container transportation market has picked JP Morgan, Morgan Stanley, and Troika Dialog as joint global coordinators and bookrunners, as the unit seeks to raise its profile and secure access to international capital markets.
The IPO fits in with the broad trend of Russian companies seeking to take advantage of renewed investor interest following the global economic crisis and domestic recession. (Reuters)
