Russian retailer Henderson has announced plans to hold an initial public offering on the Moscow Stock Exchange in early November. It was previously reported that the company could place 15% of the shares.
“Listing and commencement of trading of shares is expected in early November 2023,” says a press release on the company’s website.
The chain will become the first public company in the Russian fashion retail segment. As experts noted earlier, the company expects an enterprise valuation of 27-30 billion rubles.
The company will offer investors mainly shares issued as part of the additional issue. But under certain market conditions, the founding shareholder can supplement the offer with some shares from his own package. However, he will retain a dominant stake in the authorized capital after the IPO.
In early October, the developer of the Russian Astra Linux operating system, Astra Group, placed its shares on the Moscow Stock Exchange.
According to the forecasts of the Moscow Stock Exchange for next year, no large IPOs are expected, but the number of small placements could increase to dozens.
Author:
Natalia Gormaleva
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.
