Trading in shares of the Whoosh kicksharing service began at 15:00 Moscow time on the Moscow Stock Exchange.
Shares of the scooter rental service have been listed on the first listing since December 14 under the ticker WUSH.
On the morning of December 14, Whoosh announced that it had raised 2.3 billion rubles during an initial public offering on the Moscow Stock Exchange (2.1 billion rubles through an additional share issue and 200 million rubles from existing shareholders). . The placement of the company was the first on the Russian market in 2022.
The placement price of the initial public offering was 185 rubles per share.
As reported, the company plans to use the funds received from investors to finance its investment program, including the growth of the electric scooter fleet and business development in new regions.
Now the service is presented in 40 cities of Russia and the CIS. Dmitry Chuiko, CEO and founder of Whoosh, noted that the company is considering entering 73 new locations. He did not elaborate on specific plans.
Whoosh’s IPO involved 20,000 private investors. According to the company’s financial director Alexander Sinyavsky, almost a billion rubles were received from them.
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