The developer of the Russian Astra Linux operating system, Astra Group, placed shares on the Moscow Stock Exchange at the upper limit of the previously announced range – 333 rubles per share.
Previously, the group set the price range for the IPO at the level of 300-333 rubles.
As part of the IPO, the company will place 10.5 million shares, or 5% of the capital. As stated above, according to the results of the placement, the market capitalization will be 69.9 billion rubles.
“Total investor demand exceeded supply by more than 20 times at the upper limit of the price range, and the number of new investors in the equity capital structure amounted to about 100 thousand people…”, the company said. it’s a statement. .
Trading in the group’s shares under the symbol ASTR will begin on October 13.
During 2021-2022, a reorganization of the group of companies occurred, as a result of which Astra Group JSC appeared. Currently the structure owns, totally or partially, ten companies.
Previously, a representative of the Moscow Stock Exchange said that the platform does not expect large IPOs in 2024, since “the real sector of the economy does not attract enough capital through IPOs and SPOs.” However, small businesses are still interested in placements; Dozens of IPOs could take place next year.
Author:
Natalia Gormaleva
Source: RB
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