Arenadata, a developer of software for data storage and management systems, held an initial public offering (IPO) on the Moscow Stock Exchange at the upper end of the price range. This is stated in a message on the company’s website.
Author:
https://rb.ru/author/bmuzichenko/
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According to him, the price of one share was 95 rubles, which corresponds to a market capitalization of 19 billion rubles. “The IPO was accompanied by increased interest from institutional and retail investors. Aggregate demand many times exceeded supply at the upper end of the price range,” the company highlighted.
The offer amounted to 28 million shares worth 2.7 billion rubles, including 2.8 million shares that can be used to stabilize the price of securities up to 30 days after the start of trading.
As a result of the IPO, around 30 thousand private investors became shareholders. Arenadata highlighted that the company became the first public organization among software developers to work with data.
The share of the company’s shares in free float was 14%. Existing shareholders and affiliates agreed to limit the disposal of shares for 180 days after the IPO. Trading in shares with the symbol DATA will begin on the Moscow Stock Exchange on October 1, 2024.
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Arenadata announced its intention to make an initial offering on September 18, 2024. The order book was opened on September 24 and on the same day it closed at the upper limit of the price range.
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The company develops software to upload, store and analyze data. Among Arenadata’s clients are Vkusno – dot, Magnit, X5 Group and Gazprombank.
Author:
Bogdan Muzychenko
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.
