Rostelecom will list its RTK-DPC cloud service on the stock exchange. The company is already working on the parameters for the placement of shares and the IPO schedule. Experts suggest that the proportion of free float will be up to 10%.
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Rostelecom plans to hold an initial public offering of its RTK-DPC cloud service on the Moscow Stock Exchange. The financial director of Rostelecom, Sergei Anokhin, spoke about this, his words are quoted by Interfax.
At the moment, Rostelecom is working on the parameters of the future placement and deadlines. According to the CEO of the European broker Mind Money, Yulia Khandoshko, the proportion of shares in free-float can reach up to 10%.
“Rostelecom’s decision is quite logical: cloud services and data centers are a separate business and therefore need to be brought into a separate structure. In addition, IT companies are now at the peak of their popularity, especially those that are now listed on the stock exchange,” Khandoshko said.
Previously, IT companies Astra and Diasoft went public; Their free float was 5% and 8%, respectively.
Author:
Kirill Bilyk
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.
