The crowdlending company JetLend is preparing to enter the Kazakhstan market and hold an initial public offering in early 2025. This was reported by a JetLend representative to the Business News agency.
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He stressed that the Kazakh market has “high potential” and that the country’s economy has been growing since 2020. At the same time, the company’s immediate goal is to carry out an initial public offering (IPO), they noted in the press service. .
The company representative also confirmed that JetLend still plans to launch an “IPO Factory”, which will organize initial public offerings for small and medium-sized companies. The project will also include a service for purchasing shares on the stock market. “We set ourselves the goal of radically transforming the Russian capital market,” the company said.
It was previously reported that with the help of IPO Factory, JetLend plans to list up to 50 small and medium-sized companies per year on the stock exchange.
In 2025, JetLend also plans to implement a crowdfunding project in which companies whose revenues exceed 2 million rubles per month will participate. “[Проект] will allow Russian startups to attract financing. Thanks to crowdventure, the income threshold for funded companies will start at 500 thousand rubles per month, while the minimum income for a company raising funds through the platform should be more than 2 million rubles per month,” explained a JetLend representative.
JetLend was founded in 2018 by Sberbank people Roman Khoroshev, Evgeny Uskov and Mikhail Nikultsev. In July 2024, in preparation for the initial public offering, the company was valued at 8 to 12 billion rubles. Khoroshev noted that during the placement JetLend could raise up to one billion rubles. JetLend then delayed its IPO until early 2025.
Author:
Anastasia Kossakovskaya
Source: RB

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