Video conferencing service (VCS) developer IVA Technologies plans to hold an initial public offering before the end of 2024. Vedomosti was informed of this by sources from several software development companies.
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The company could go public in the second or third quarter of the year with a valuation of between 35 billion and 40 billion rubles. It has already hired banking consultants and lawyers, and the deal will also include the sale of shares to existing shareholders.
IVA Technologies is a leading developer of IVA corporate communications ecosystem, which includes a corporate messenger, video conferencing platform, cloud video conferencing platform, AI-based business assistant, etc.
In 2022, the company’s revenue increased more than 2.5 times compared to 2021 and exceeded 1.5 billion rubles, TAdviser wrote with reference to official company data.
Author:
Karina Pardaeva
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.
