According to three finance sources who spoke to Reuters, car-sharing service Delimobil may be the first Russian firm to have a long-awaited initial public offering (IPO) in 2024. The listing may raise 4 billion roubles, equivalent to $43.5 million.
In response to a request for comment, the corporation did not immediately respond. Two of the individuals reported that the business intended to offer exclusively fresh shares and to raise between three and four billion roubles.
Delimobil announced that it would reorganize in February of last year, possibly with an initial public offering to follow.
According to calculations made by Reuters, Russian enterprises have generated around 29 billion roubles ($323 million) through initial public offerings (IPOs) and direct listings in the year 2023. This figure is much lower than the billion-dollar capital raising that Russian companies accomplished during the early years of President Vladimir Putin’s tenure in office.
As a result of the departure of Western banks that had previously served as underwriters and bookbuilders, Russia’s top lenders have assumed their position.
In conclusion, Delimobil’s groundbreaking decision to conduct an IPO in 2024 signifies a monumental achievement for the company and a transformative milestone for the transportation industry in Russia. As Delimobil continues to redefine urban mobility through innovation and strategic foresight, the anticipation of its IPO remains a testament to its unwavering commitment to excellence and sustainable progress.
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