Crowdlending platform JetLend was valued at 8-12 billion rubles before its IPO in December

At the end of last year, it became known that the company was planning to hold an initial public offering (IPO). To achieve this, on December 22, JetLend issued BO-01 bonds for 80 million rubles.

As Khoroshev said in an interview with RBC Investments, the company will make an assessment using the P/S (price to sales) multiplier, which shows the ratio of the value of the business to the revenue for the year or as the ratio of the cost of a share to the revenue per value.

JetLend’s valuation is currently based on its P/S. The company expects to receive 1 billion rubles in revenue by the end of 2024. Thus, Khoroshy notes, the expected valuation is 8-12 billion rubles.

The co-founder of the platform also noted that the total assets of investors in JetLend are estimated at 250 billion rubles. The company sees a great interest in the shares from its side. During the IPO, at this valuation, it is planned to offer about 10% of the shares.

At the end of May, JetLend completed a corporate reorganization in preparation for the stock market listing. Jetland Holding JSC, registered on March 1 this year, became the new owner of the assets. As a representative of the platform explained to RB.RU at the time, preparations for a pre-IPO are underway.