Car-sharing service Delimobil could become the first Russian company to hold a long-awaited initial public offering in 2024 that could raise up to 4 billion rubles, three financial sources told Reuters on Monday.
The company did not immediately respond to a request for comment.
Two of the sources said the company aims to raise between 3 billion rubles and 4 billion rubles and plans to issue only new shares.
Delimobil announced a restructuring last February, which could possibly be followed by an IPO.
According to Reuters calculations, Russian companies raised a total of around 29 billion rubles through initial public offerings and direct listings in 2023, well below the multibillion-dollar capital raises achieved by Russian companies in the first years of President Vladimir Putin’s term.
The Western banks that once acted as underwriters and bookbuilders have pulled out, and Russia’s biggest lenders have taken their place.
($1 = 91.9825 rubles) (Reporting by Olga Popova, Oksana Kobzeva and Gleb Stolyarov; Writing by Vladimir Soldierkin; Editing by Barbara Lewis)
2023-12-25 16:44:49
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