Arenadata, a developer of software for data management and storage systems, filled the IPO application book at the upper limit of the price range of 95 rubles per share, RBC reported this with reference to sources.
Author:
https://rb.ru/author/bilyk/
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The company had previously set the parameters for the first public offering of shares on the Moscow Exchange in the price range of 85-95 rubles per share. The placement at the upper limit of the range corresponds to the company’s market capitalization of 19 billion rubles.
The application process for Arenadata’s IPO will end on September 30; existing shareholders will sell 28 million shares. Trading in Arenadata shares is scheduled to begin on October 1; qualified and non-qualified investors will have access to securities transactions.
Arenadata is a developer of software for uploading, storing and analyzing data. The company’s clients include Vkusno – Point, Magnit, X5 Group companies and Gazprombank.
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.
