Astra held an IPO at the upper limit of the price range – 333 rubles. per share
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Astra Group placed its IPO on the Moscow Exchange (MOEX: MOEX) shares at a price of 333 rubles. for paper in the amount of 3.5 billion rubles. Based on the results of the initial placement, the company’s market capitalization will amount to 69.9 billion rubles, it follows from messages Astra press service.
The share price is 333 rubles. corresponds to the upper limit of the price range (300–333 rubles). A total of 10.5 million shares were placed, which corresponds to 3.5 billion rubles at the IPO price. The total investor demand during the initial offering exceeded supply by more than 20 times. As a result of the IPO, the share of free float shares will be 5% of the group’s share capital.
“The IPO allowed us to launch a long-term motivation program for our employees. As of today, over 1.4 thousand of our employees have become shareholders of Astra Group of Companies. We intend to further strengthen our leadership position in the Russian infrastructure software market,” Astra CEO Ilya Sivtsev commented on the placement of shares. Trading in the group’s shares under the ticker ASTR on the Moscow Exchange will begin today, October 13.
The Astra Group is a large Russian developer of OS and infrastructure software for import substitution of Microsoft, IBM, and Citrix products. The group has begun collecting applications for 10.5 million shares announced October 5. The organizers of the IPO were Start Capital, Sberbank (MOEX: SBER), Gazprombank and Alfa Bank.
Read more about interest in the initial public offering of shares of the Astra group in the Kommersant material. “Investors oversubscribed the software”.
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