UPDATE 1-Russia's IBS launches IPO on Moscow Exchange [Reuters]
Citigroup, Inc. (C)
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Source: Reuters
UPDATE 1-Russia's IBS launches IPO on Moscow Exchange | Reuters Reuters Staff 3 Min Read (Adds CEO comment, details, financial results) MOSCOW, April 4 (Reuters) - IBS IT Services plans an initial public offering (IPO) on the Moscow Exchange, it said on Wednesday, as it aims to tap Russia’s economic recovery and reviving domestic demand for information technology services. The shares, both new and existing, will be offered by the company as well as by shareholder IBS Holding, owned by Anatoly Karachinskiy and Sergey Matsotskiy. Sources told Reuters last month that the company was aiming to raise around $100 million via an IPO. IBS did not describe the targeted size of the offering in a Wednesday statement announcing its intention to float. The announcement comes a day after Russian poultry producer Cherkizovo said it planned to sell new and existing shares on the Moscow Exchange. A number of other Russian businesses are expected to follow suit, brushing off the risk of potential fallo
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Earnings
- 4/12/24 - Beat
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Sec Filings
- 4/18/24 - Form 424B2
- 4/18/24 - Form 424B2
- 4/18/24 - Form 424B2
- C's page on the SEC website