Online hypermarket of construction and repair products “VseInstrumenty.ru” announced an initial public offering on the Moscow Stock Exchange. The start of negotiations is scheduled for July 2024. This was said in a statement.
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As part of the placement, investors may be offered shares owned by the company’s founders, as well as potentially shares issued as part of a further issue.
Depending on the results of the placement, the issuer’s largest shareholder will retain a majority stake in the company’s share capital. The company hopes that Vseinstrumenty.ru shares will be included in the first trading list of the Moscow Stock Exchange. The offer will be available to qualified and non-qualified Russian investors.
- 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
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