Whoosh expects an initial public offering at the lower end of the 185 ruble per share price range. At this placement price, the capitalization of the scooter rental service will amount to 20.6 billion rubles. The company will name the final price on December 14 after the closing of the collection of applications.
Scooter rental service Whoosh has revealed the updated parameters of its own initial public offering. According to new information, the public offering of shares will take place at a price of 185 rubles per share, or the lower limit of the previously presented price range. Whoosh expected to make an initial public offering at a price of 185-225 rubles per share.
The final placement price of the shares will be announced on December 14 after the collection of offers ends.
If the placement is made at 185 rubles per share, Whoosh’s capitalization on the Moscow Stock Exchange will be 20.6 billion rubles, taking into account the additional issue. The total amount of the placement in this case will be 2.3 billion rubles.
Whoosh and its shareholders and affiliates have agreed not to sell shares for 185 days after the IPO.
The company announced on November 28 that Whoosh will hold an initial public offering and go public.
Author:
Kirill Bilyk
Source: RB
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