Diasoft will hold an IPO on the Moscow Exchange in February – Kommersant
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Financial software developer Diasoft is planning to hold an initial public offering (IPO) on the Moscow Exchange in February (MOEX: MOEX).
“It is expected that the bulk of the offer will consist of shares issued as part of the company’s additional issue. At the same time, to achieve a more significant IPO size and subsequent liquidity, existing shareholders can also offer investors a portion of their shares. Based on the results of the IPO, the share of the group’s shares in free float (free-float) may be about 8%,” the statement says. message companies.
It is expected that the funds raised by the company during the IPO will be used to implement a long-term growth strategy, while ensuring higher volumes of dividend payments in the coming years. In the event of an IPO, the Company and existing shareholders of the Company are expected to enter into customary covenants limiting the disposal of shares for a period of 180 days following the completion of the IPO.
IT company thought about it about holding an IPO back in October 2023. IPOs by technology companies are becoming a trend, the success of which was strengthened by the recent IPO of the Astra group. Diasoft is a smaller company and most likely will not be included in the top quotation lists, but its shares may be in demand, analysts say.
According to TAdviser data for 2022, Diasoft IT products accounted for 50% of implementations in the Russian financial sector. R-Style Softlab (25%) and the Center for Financial Technologies (12.5%) also operate in the segment. According to SPARK-Interfax, Diasoft LLC was registered in 2005, 97.6% of the company belongs to Diasoft Management Company JSC, whose ultimate beneficiaries are hidden, 2.3% belongs to Excalibur Management JSC, whose owners are also not are revealed. Oleg Roshchupkin is indicated as the General Director of Diasoft LLC. The LLC’s revenue for 2022 amounted to 5.8 billion rubles, net profit – 1.1 billion rubles, EBITDA – 2.1 billion rubles. According to Diasoft’s own data, its clients are Sber NPF, International Investment Bank and others.
Read more in the article “Kommersant” “Banking software will try its hand at the stock exchange”.
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