PJSC Carsharing Russia (Delimobil) will set an individual price range for the IPO at the level of 245 to 265 rubles per share, according to data from the Corporate Information Dissemination Center.
Last week, the Moscow Stock Exchange admitted Delimobil securities to trading on February 6. The proportion of free float is expected to not exceed 10%.
The collection of applications will begin on January 29 and will end on February 5. The set price per share corresponds to the company’s market capitalization of 39.2 to 42.4 billion rubles. The basic size of the IPO will not exceed 3 billion rubles.
The funds received as part of the placement the company will use for development and reduction of debt burden. The money raised will also be spent on general corporate purposes, the company explains.
Delimobil announced plans to hold an initial public offering at the end of January. This is the first player in the Russian carsharing market to become a public company. The bulk of the offering will be made up of securities issued through an additional issue. The company plans to raise about 10 billion rubles.
Author:
Natalia Gormaleva
Source: RB
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