Diasoft plans to raise 4.14 billion rubles for its IPO. – Kommersant
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The Russian developer of software for the financial sector, Diasoft, has set a price target for the initial public offering (IPO) in the range of 4–4.5 thousand rubles. for paper. As part of the IPO, Diasoft can raise up to 4.14 billion rubles. This is discussed on website companies.
The IPO price target corresponds to Diasoft’s valuation of RUB 40–45 billion. excluding funds raised through the IPO. Trading on the Moscow Exchange will start on February 16. The company will collect investor applications from February 7 to 14. The shares will be included in the second level quotation list.
The base size of the IPO will be up to 800 thousand shares, or 8% of issued and outstanding shares. The main part of the basic size of the IPO is shares as part of an additional issue in the amount of 500 thousand (or 5% of the authorized capital). The current shareholders plan to offer investors shares in the amount of up to 300 thousand pieces (3% of the authorized capital).
The Board of Directors of Diasoft recommended that shareholders pay dividends for the third quarter of 2023 in the amount of 75.68 rubles. per share. A total of 794 million rubles can be allocated for the payment of dividends.
In January, Diasoft approved a new dividend policy, according to which the company plans to allocate at least 80% of EBITDA to dividend payments on a quarterly basis in 2024–2025. The company’s annual meeting of shareholders will be held on March 10, 2024.
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