Alexander Medvedev, the deputy chairman of Gazprom's Management Committee and director general of export arm, Gazexport, told a news conference at the NY Stock Exchange that the company would coordinate all the related procedures to ensure a transparent and clear mechanism for investors to buy Gazprom shares.
The shares will be traded at a common and fair price, based on their real value, Medvedev said, adding that the company was considering emerging on the U.S. stock market.
If such a decision is made, Gazprom will be able to make initial public offering, or IPO, in New York in the next two or three years. NY Stock Exchange authorities promised help in resolving all related problems since they were interested in trading Gazprom's shares, Medvedev added.
In terms of American Depositary Receipts (ADR), Gazprom is currently included on a list of companies with a capitalization of more than $100 billion, Medvedev said, adding that the company would target $300 billion in the next three to five years.
