Russia’s Henderson raised 3.8 billion rubles during its IPO, the company reported. The fashion retailer became the first representative of this industry on the Moscow Stock Exchange.
The price per share was 675 rubles, which corresponds to the upper limit of the announced price range. The free float share was 13.9%.
The company reportedly attracted both retail and institutional investors, with aggregate demand exceeding supply several times. In total, more than 40 thousand new investors entered the share capital structure.
As a result of the IPO, the company’s market capitalization at the start of trading will be 27.3 billion rubles. As previously reported, the company expected an enterprise valuation of between 27 and 30 billion rubles.
The shares are included in the “Second level” section of the list of securities admitted to trading on the Moscow Stock Exchange, with the ticker symbol HNFG. Trading will begin on November 2, 2023 after 16:00 Moscow time.
Henderson is developing a network of salons that specialize in the sale of men’s clothing, footwear and accessories.
Author:
Anastasia Marina
Source: RB
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