The online hypermarket of construction and repair products “Vseinstruments.ru” plans to hold an initial public offering on the Moscow Stock Exchange in the summer of 2024. The company aims to raise 15-20 billion rubles. Vedomosti writes about this with reference to sources.
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A representative of the network responded that they are constantly exploring various opportunities and options for further business growth, including potential opportunities to raise capital, and in case an IPO is decided, they will notify the market.
- According to Infoline, in March 2024, VseInstrumenty.ru became the rapidly growing leader in the TOP ranking of DIY Retail Russia. Over the course of the year, the company opened 254 new points of sale and the total number of points of sale increased to 908. Also in 2023, VseInstrumenty.ru increased its assortment, exceeding the level of 1.5 million SKUs.
- In May, VseInstruments.ru moved its holding company from Cyprus to Russia. Analysts surveyed by RB.RU had divided opinions on the benefits of the solution for companies: some believe that such changes can reduce the economic and legal risks of companies, while others point to the insecurity of minority shareholders in Russia and the lack of external financing.
The company’s revenue at the end of 2023 grew by 54% year-on-year and amounted to 132.8 billion rubles, net profit – by 49% to 3.8 billion rubles.
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.
