According to Vzglyad, Russian Helicopters holding company intends to earn more than $500 million during Initial Public Offering (IPO) at London and Moscow stock exchanges.

The company plans to sell newly issued shares and global depository receipts with an amount of $250 million. One depository receipts equals one company’s share.

Oboronprom, the Russian Helicopters’ parent company, intends to sell its own shares for at least $250 million.

The following range of one holding’s share cost has been set: from $19 to $25. Based on these prices, the cost of Russian Helicopters is $1,8 billion - $2,38 billion.

The funds received from ITO would be used for debt servicing and acquisition of affiliated companies’ shares.

Russian Ministry of Defense plans to acquire more than 1000 helicopters by 2020, including more than 100 helicopters in 2011. Russian Helicopters have delivered a total of 214 helicopters in Russia.