The MFC “Financial Support Center” (FSC) plans to place 10 million ordinary shares worth 33 million rubles (at par value) on the stock market through open subscription. Neither the date of placement of the securities nor the placement price have yet been announced, writes Kommersant.
In the middle of summer, trading in shares of Smarttechgroup, owner of the Karmani multifunctional complex, began on the Moscow Stock Exchange. By the end of 2024, two or three more microfinance companies could go public, says Anton Khrapykin, chief investment officer at fintech group IDF Eurasia.
The date of placement of the titles and the placement price have not yet been announced. According to the forecasts of Ingosstrakh-Investments analyst Artem Outlev, the company will probably be able to attract hundreds of millions of rubles in capital. Smarttechgroup managed to raise 824 million rubles.
According to experts, the shares of the new issuer could be in demand. “Individuals now dominate the stock market; They carry out more than 80% of stock market operations. This is positive: the bonds of microfinance companies are also mainly purchased by individuals, so the largest players already have an established investor base,” says Dmitry Alexandrov, CEO of Ivolga Capital.
It is cheaper for these issuers to raise funds through an initial public offering than by issuing bonds during a period of high interest rates, Artem Outlev added.
Author:
Karina Pardaeva
Source: RB
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