The IPO of the online hypermarket of repair and construction products “VseInstruments.ru” took place at the lower end of the price range – 200 rubles per share. This corresponds to a capitalization of 100 billion rubles.
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As a result of the placement, the free float share will be 12%, as follows from the company’s press release. At the end of June, the service announced the price range for the IPO from 200 to 210 rubles per share. Applications were collected from June 27 to July 4.
On July 5 at 16:00 Moscow time, trading of VseInstrumenty.ru shares will begin on the Moscow Exchange under the ticker symbol VSEH.
The press release also reveals that the founders decided to offer at the lower limit despite having oversubscribed the order book at the upper range several times over. This is done in order to provide “the maximum positive impetus for the growth of the company’s value since the beginning of its public history.”
In the first quarter of 2024, the company increased its revenue by 42% to 48.6 billion rubles. Gross profit for the reported period amounted to 14.3 billion rubles, which is 45% higher than last year’s results.
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.
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