Trading in shares of PJSC VI.ru (VseInstrumenty.ru), an online hypermarket of goods for home, construction, repair and cottage, has started in Russia. Trade code – VSEH.
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The Moscow Stock Exchange has started trading in VseInstruments.ru shares
The shares are listed on the top-tier list of the Moscow Stock Exchange and transactions are made in the national currency, the press service of the organization told RB.Ru.
The first IPO raised about 14.5 billion rubles, and when trading began, the share of shares in free float was 12%.
The construction industry is growing in Russia, which means that the market demand for products for renovation and equipment of premises continues to increase. Digital transformation has also become an incentive; it makes it possible to use digital platforms.
“VseInstruments.ru is a relatively young company, but it has already gained a strong position in the Russian online market of building and finishing materials, as well as home and garden products. The successful IPO of the company on the Moscow Stock Exchange confirms the great interest of Russian investors in the e-commerce sector. We welcome the new issuer and wish it a successful public history,” said Natalya Loginova, Director of the Issuer Relations Department of the Moscow Stock Exchange.
We previously wrote that the price range for the IPO of VseInstruments.ru will be 200-210 rubles per share.
Author:
Nikolai Tikhonov
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.
