MD Medical prices London float

MD Medical Group, a Russian healthcare provider, yesterday revealed a price range of between $11.25 and $13.50 for a forthcoming float in London worth up to $343m (£212.7m). The initial public offering, in the form of global depositary receipts, values the company at between $855m and $995m. The offer, overseen by joint book runners Deutsche Bank and JP Morgan, will comprise $150m in new shares.