KIEV, June 15 - Ferrexpo plc, which controls Poltava GOK, Ukraine's biggest producer of iron ore pellets, has set the price of its shares in an initial public offering on the London Stock Exchange (LSE) at 140 pence per share, which would put the company's capitalization at 848 million pounds sterling ($1.671 billion), the company said.

The company will sell 152.098 million common shares in the IPO and expects to raise some 213 million pounds.