Crowdlending platform JetLend, which planned an initial public offering in 2024, has completed a business reorganization. Jetland Holding JSC, registered on March 1 this year, became the new owner of the assets. The platform is now preparing for the pre-IPO stage.
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As follows from the data of the Kontur.Focus service, as of May 24, 100% of Jetland LLC was transferred to Jetland Holding JSC. A representative of the company told RB.RU that the transfer of shares is related to the reorganization into a joint-stock company. This process ended on May 15, 2024.
JetLend also said that preparations for the IPO are going as planned.
The company announced its intention to go public late last year. For this, JetLend issued bonds of the BO-01 series in the amount of 80 million rubles.
Preparations are already underway for the pre-IPO, which is expected in June. As a company representative clarified, the pre-IPO will be carried out through a closed subscription among the platform’s investors to determine the fair value of the shares.
- JetLend was founded in 2018 by Sberbank people Roman Khoroshev and Evgeny Uskov, as well as Mikhail Nikultsev, who previously worked at Oliver Wyman.
- In April 2020, JetLend raised 5 million rubles from three business angels and received a valuation of 160 million rubles. In November 2020, the company raised 37.5 million rubles from Skolkovo business school graduates Dmitry Shklyar and Andrey Chernetsov.
Author:
Natalia Gormaleva
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.
