The Moscow Stock Exchange has officially launched a platform for conducting Pre-IPOs. The first issuer of Moex Start was the private space company SR Space, which will place 10% of the shares in a closed subscription format as part of an additional issue.
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The Moscow Stock Exchange has launched Moex Start, a platform for conducting preliminary public offerings of shares (Pre-IPO), the press service of the trading platform announced this.
The first issuer of Moex Start was the private space company SR Space. As part of the additional issue, it plans to place 10% of the securities in a closed subscription format and raise about 1.5 billion rubles.
On the new platform, companies have the opportunity to raise capital by placing shares through a closed subscription based on the infrastructure of the Moscow Exchange.
The entry criteria for Moex Start are a company that is more than a year old, at least 50 million in revenue over the last year, an assessment by an accredited appraiser and a case for investors.
Author:
Kirill Bilyk
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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