Microfinance company (MFC) “Zaymer”, one of the largest on the Russian market, entered the stock exchange at the lower limit of the price range. The organization managed to raise 3.5 billion rubles. The trading of its shares began on Friday, April 12 with a slight drop.
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MFK Seimer held an initial public offering on the Moscow Stock Exchange and raised 3.5 billion rubles. The first public offering of securities took place at the lower limit of the price range – 235 rubles per ordinary share, the company reported.
The company’s plans to conduct an initial public offering (IPO) were first reported in late March 2024. As part of Seimer’s IPO, the company received more than 60 thousand applications from investors. As a result of the placement, the proportion of the organization’s shares that were in free circulation amounted to 15%. The shares of institutional and individual investors in the total placement volume were divided approximately equally.
Trading in Seimer’s ordinary shares began on the Moscow Stock Exchange on Friday, April 12 at 15:00 Moscow time. At the beginning of trading, the securities showed a slight drop, but then recovered and, according to current data at the time of this publication, are trading at 238 rubles, that is, 3 rubles more than the placement price.
Seimer’s customer base includes more than 17 million people. In 2023, the company issued loans worth 53.1 billion rubles and received 6.1 billion rubles of net profit under IFRS.
Author:
Kirill Bilyk
Source: RB
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