Medscan Group plans to hold an initial public offering on the Moscow Stock Exchange by the end of 2024. The question of the company’s valuation and the size of the transaction is still open, sources told Vedomosti.
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Medical holding Medscan plans to hold an IPO before the end of 2024
The size of the deal will depend on several factors, including the macroeconomic environment, shareholders’ wishes and market valuation at the time of the IPO, one of the people said.
In any case, the size of the transaction will be within the limits of the “new reality,” the source of the publication said: an amount less than 2 billion rubles may lead to low liquidity of the shares, an amount exceeding 15 billion rubles may be excessive for the market.
The group has been preparing for its initial offering for two years. In 2021, the founder and owner of the company, Evgeny Tugolukov, stated that, in theory, the placement volume could amount to 20% of the share capital. A smaller volume does not provide the required liquidity of securities on the site, and a larger volume may not be desirable for business owners.
Author:
Karina Pardaeva
Source: RB
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