Kazakhstan-based natural uranium company Kazatomprom has divested 15 percent of the company stock in a London-Astana initial public offering (IPO).

The divestment of 15 percent stake in Kazatomprom’s IPO, valued it at $3 billion.

Kazatomprom offered its pricing range at $11.60 to $15.40 per global depository receipt resulting into a capitalisation of $3 billion to $4 billion.

Kazakh sovereign wealth fund Samruk-Kazyna also plans to raise between $400.8 million and $451.3 million from the share sale, depending on whether the over-allotment option is exercised.