Scooter rental service Whoosh announces IPO plans
[ad_1]
Russian electric scooter rental service Whoosh is considering an IPO on the Moscow Exchange, the company said.
It is specified that the IPO will take place “depending on market conditions.” It is assumed that the funds raised during the IPO can be used to finance the investment program of the Whoosh group, including the expansion of the fleet and entering new regions. No placement details are given.
As part of the deal, capital can be raised through an additional issue, as well as through an offer of shares by current shareholders, the volume of which will be determined later, the report said. It is expected that after the IPO, the current shareholders “will retain a significant share in the authorized capital.”
In mid-September, Forbes sources reportedthat the IPO of Whoosh can be held before the end of 2022 or 2023. It is specified that Whoosh wants to raise about 6 billion rubles in this way, and estimates itself at 24 billion rubles. – this is the upper limit of the range, according to the analyst of Finam Group Leonid Delitsyn. In his opinion, the Whoosh valuation starts at 16 billion rubles. The company will be able to reach the upper limit with a revenue of at least 6 billion rubles. at the end of 2022. Last year, the company’s revenue amounted to 4.1 billion rubles, and at the end of the first half of 2022 – 3.2 billion rubles. Then the company did not comment on this information.
In August, Whoosh registered JSC “Wosh Holding” in order to combine the various legal structures of the company, including in Kazakhstan and Belarus, into one holding.
Subscribe on “Vedomosti” in Telegram and stay up to date with the main news of the economy and business
[ad_2]
Source link
