The Astra Linux developer is going to place up to 10% of its shares on the Moscow Stock Exchange in the fourth quarter. This IPO could be the largest in recent years.
The exact timing will depend on market dynamics, writes RBC citing several interlocutors from financial and IT companies.
The publication’s sources explain the volume of shares planned for the placement by the fact that the company intends to first introduce a business that has no public record, create liquidity, “put the paper on the radar so that investors can follow it and make a decision.” “The free float size can be increased later.
During the IPO, the group could be valued at more than 60-80 billion rubles, the interlocutors estimated.
- In September 2022, Astra received a preferential loan at 5% per annum for 3.8 billion rubles. The company will spend the funds on developing the operating system, launching it and adapting it to the customer’s needs. You must return the money before December 31, 2026.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
