B2B platform “Kifa” announced the price range for the IPO

The company said it was opening an application book for participation in the IPO; following the results of the placement, the free float share would be 30%. The planned start of trading on the Moscow Stock Exchange is on August 8. The shares will be listed under the symbol QIFA.

Applications from investors will be accepted from July 25 to August 7 at 15:00 Moscow time. Qualified and non-qualified investors, as well as institutional investors, will be able to participate in the IPO.

“The placement will be carried out 100% in cash; investors will be offered shares issued within the framework of the additional issue,” the press service explained.

The funds raised during the IPO are planned to be used to implement the company’s investment program. In particular, the funds will be used to create digital trading centers, strengthen the team and expand the functionality of processes.

As previously reported, based on the results of the IPO, the platform may raise up to 2 billion rubles. This corresponds to a company capitalization of 6-7 billion rubles.

Kifa specializes in wholesale trade of consumer goods between the Russian Federation and China. The platform allows you to directly connect the supplier and the buyer.

In the first quarter, the company received 1.3 billion rubles in revenue, which is 54% more than in 2023. Net profit reached 4 billion rubles, compared to a loss of 4 million rubles a year earlier.