Russian Helicopters is seeking to raise around $500 million in a Moscow-London initial public offering (IPO), Financial Times reports. The helicopter making company will sell $250 million in new shares and another $250 million in existing shares in the group by its parent, Oboronprom. Russian Helicopters is looking to sell ordinary shares in Moscow and global depository receipts in London, equal to 25-30% of its share capital, valuing the company at $2 billion. The company will use the proceeds from the offering to pay off existing debt and for acquisition.

Click here for the story from Financial Times.

Click here for additional coverage from Reuters.