Sovcombank will hold an IPO at the upper limit of 11.5 rubles. per share – Kommersant
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Following the meeting, the Supervisory Board of Sovcombank set the price for the initial public offering (IPO) on the Moscow Exchange (MOEX: MOEX) in the amount of 11.5 rubles. for paper. This corresponds to the upper range of the previously announced placement price of shares during the IPO – 10.5-11.5 rubles. The start date for the placement of shares is December 15, the statement says. message on the disclosure portal.
In total, up to 5 billion securities can be placed as part of the IPO, the par value of each share is 0.1 rubles. A wide range of investors, including individuals and institutional investors, will be able to take part in the placement.
On the intention to conduct an initial public offering of Sovcombank shares announced December 1. As of December 5, the book of applications for Sovcombank’s IPO was re-signed three times the upper limit. As part of the IPO, the Bank plans to raise 10 billion rubles, as well as assumed “Ъ”. Based on the results of the placement, the company’s capitalization may exceed RUB 200 billion. The shares will be traded under the ticker symbol SVCB. One lot will contain 100 shares.
Read more about the bank’s IPO in the Kommersant article. “Sovcombank doesn’t ask for much”.
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