Shares of the Russian operating system developer Astra soared on the first day of trading on the Moscow Stock Exchange. The company carried out the placement at the upper limit of the price range – 333 rubles per share. According to current data at the time of this publication, the company’s securities are already worth 466 rubles per share.
The shares of the Russian operating system developer Astra rose sharply on the first day of trading on the Moscow Stock Exchange after the IPO. This is evident in the commercial data.
The Astra group of companies went public on Friday, October 13, placing its shares at the upper limit of the price range of 333 rubles per share. At 17:20 Moscow time, Astra shares are already trading at 466 rubles per share, that is, 40% more than the placement price.
As a result of the IPO, Astra was valued at 69.9 billion rubles. Existing shareholders sold 10 million shares, or 5% of the outstanding shares. According to Astra, demand for its shares exceeded supply by 20 times.
At the end of 2022, the Astra group of companies achieved revenue of 5.4 billion rubles and a net profit of 3 billion rubles. Year after year, Astra’s main financial indicators multiplied by 2.5.
Author:
Kirill Bilyk
Source: RB
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