Kazatomprom to price at $11.60, for a $3bn valuation

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Kazatomprom to price at $11.60, for a $3bn valuation

Astana Kazakh PA 230x150
The Kazakh national flag flutters in the wind in Astana, Kazakhstan, 10 November 2014. Astana is the capital of the former Soviet republic since 1997 and has rapidly developed into a modern city within the last years. The Expo2017 will take place in Astana in the summer of 2017. Photo: Hendrik Schmidt/dpa | Hendrik Schmidt/DPA/PA Images

The $450m IPO of Kazatomprom, the Kazakh state-owned producer of natural uranium, is due to be priced at $11.60, the bottom of the initial range, valuing the business at $3bn.

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