Europlan plans an IPO on the Moscow Exchange in March – Kommersant
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The leasing company Europlan (owned by the SFI investment holding) is discussing an initial public offering (IPO) on the Moscow Exchange (MOEX: MOEX) in the second half of March, RIA Novosti reports citing sources. According to one of them, the placement volume is expected to be in the range of 10–15 billion rubles. Two more sources clarify that we are talking about a volume of 10 billion rubles. with the possibility of increasing it.
One of the agency’s interlocutors claims that the company’s valuation when entering an IPO “is more concentrated around 140 billion rubles.” The IPO format is supposed to be in the form of cash out. “The company simply doesn’t need the money. The return on capital is very high, so there will be cash out,” explained another source. The company is expected to attract retail and institutional investors.
Europlan was already thinking about entering the public market in 2021. Then the company needed additional capitalization, which was provided by the shareholder, the SFA holding: he singled out 1 billion rubles for these purposes. Reuters sources reported last week that Europlan could hold an IPO this spring with an offering volume of 10 billion to 15 billion rubles.
Read about the market situation in the Kommersant publication. “Leasing is slowing down significantly”.
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