Corporate communications ecosystem developer IVA Technologies has officially announced its plans to hold an initial public offering on the Moscow Stock Exchange. The media wrote about this earlier.
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The company expects marketing to begin in the first half of June. The IPO offering will be provided by the company’s existing shareholders, while retaining significant shares in the capital and the rights to participate in the development of the business.
“Following the IPO, the existing shareholders who founded and developed the business, who now own 99.1% of the shares, will retain a majority stake,” the company explained.
At the same time, under the incentive programme, approximately 0.9% of the share capital or 850,000 shares were transferred to the promoters. These shares will not be offered as part of the IPO.
The proportion of free float after the placement will be around 10%.
As sources noted earlier, IVA Technologies can raise 3-4 billion rubles. Experts valued the company at 35-40 billion rubles.
IVA Technologies has developed an ecosystem of corporate communications, which includes an analogue of Zoom: the IVA MCU video conferencing platform, the IVA Connect corporate messenger, the VKurse cloud video conferencing platform, and the IVA GPT business assistant with artificial intelligence.
At the end of 2023, the company increased its net profit by 75%, amounting to 1.8 billion rubles. Revenue grew even more significantly – by 77% and amounted to 2.5 billion rubles.
Author:
Natalia Gormaleva
Source: RB
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