Russian electric scooter rental service Whoosh has held an additional stock offering. Thus, the company raised 2.1 billion rubles for the IPO, opens The words of the press service of the kicksharing newspaper “Kommersant”.
The service became the first Russian company to go public after the escalation of the conflict in Ukraine at the end of February 2022. The article states that after the placement of the shares, the market value will be 20.6 billion rubles.
“The placement price is set by the board of directors in the amount of 185 rubles. per common share of the company. The volume of funds collected through the issuance of additional shares as a result of the public offering amounted to 2.1 billion rubles. As a result of the placement of shares, the market value of the company will be 20.6 billion rubles.
The service is aimed at entering new markets, as well as investing the received funds in the development of various investment programs. It is noted in the note that at the moment the geography of the company’s presence in the global market is limited to Russia, Kazakhstan and Belarus.
Whoosh electric scooter rental service with the intention of holding an IPO on the Moscow Stock Exchange declaration On November 28. To achieve this goal, the company carried out the state registration of 50 million ordinary shares with a nominal value of 0.01 rubles each.