Shares of “Arenadat” on the first day of trading on the Moscow Stock Exchange rose in price by almost 21%, up to 114.8 rubles, according to data from the site. On October 1, the developer of software for managing and storing data held an initial public offering (IPO) at the high end of the range.
Author:
https://rb.ru/author/bmuzichenko/
Subscribe to RB.RU on Telegram
As of October 1 at 18:07 Moscow time, “Arenadata” shares are trading at a price of 108 rubles per share.
On October 1, 2024, the company held an initial public offering on the Moscow Stock Exchange. The placement was carried out at the upper limit of the price range: the cost of one share was 95 rubles, which corresponds to a market capitalization of 19 billion rubles.
The offer was accompanied by increased investor interest and aggregate demand exceeded placement at the upper end of the price range, Arenadata 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.
Arenadata develops software to load, store and analyze data. Among the company’s clients are Vkusno – point, 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.
