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Russian TV network operator CTC Media plans to raise $500mm in its IPO

May 12, 2006

CTC Media, which operates two Russian television networks that offer entertainment programming, announced the terms for its IPO on Friday. According to an amended SEC filing, the Moscow-based company plans to offer roughly 29.4 million shares at a range of $16-$18 and has a proposed market cap of $2.56 billion. Joint book-running managers Morgan Stanley and Deutsche Bank have yet to announce a pricing date for this IPO.