Sovcombank announced the start of trading in shares on the Moscow Stock Exchange. During the IPO, the organization placed one billion shares and the total size of the IPO was 11.5 billion rubles. This was reported by the press service of Sovcombank.
The day before, the bank announced the parameters of the IPO, the placement was carried out at the upper limit of the price range – 11.5 rubles per value. As a result of the deal, Sovcombank’s market capitalization amounted to 230.5 billion rubles.
During the placement, more than 140 thousand applications from investors were received. Among new investors, individuals represent around 65%, the remaining 35% are institutional investors.
At the same time, the bank’s shareholders did not sell their securities, the offer was secured by an additional issue. According to the first deputy chairman of the board of directors and co-owner of the bank, Sergei Jotimsky, the application book was oversubscribed by more than 10 times. Around 120 thousand people will become investors.
Author:
Natalia Gormaleva
Source: RB
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