Sovcombank’s IPO will take place at the upper limit of the price range. The supervisory board of the organization set the share price at 11.5 rubles per share. As part of the placement, the bank aims to raise 10 billion rubles.
Sovcombank has decided on the share price for its upcoming IPO. The Supervisory Board set it at about 11.5 rubles per value, which corresponds to the upper limit of the price range. This is stated in a message on the Corporate Information Disclosure Center website.
As part of the IPO of Sovcombank, up to 5 billion shares can be traded. A wide range of investors can participate in the placement.
Within the framework of the public offering of shares, Sovcombank aims to raise 10 billion rubles. This will be the first bank IPO in the country since 2015.
Author:
Kirill Bilyk
Source: RB
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