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Maxim Pustovoy, Chief Working Officer of Optimistic Applied sciences cybersecurity agency, poses for an image throughout an interview at an workplace in Moscow, Russia April 30, 2021. Image taken April 30, 2021. REUTERS/Alexander Marrow/File Photograph
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MOSCOW, Sept 19 (Reuters) – Cybersecurity agency Optimistic Applied sciences is launching a secondary public providing (SPO) of as much as 2.6 million frequent shares, it stated on Monday, the primary share sale by a Russian firm since Moscow despatched troops into Ukraine in February.
Optimistic Applied sciences won’t offer any new shares within the SPO, it stated, setting a value within the vary of 1,200 roubles to 1,320 roubles ($19.90 to $21.89) per share. The SPO may take its free float to as excessive as 14%.
The shares will probably be offered by the corporate’s essential shareholders and prime executives, the corporate stated, including that none of them would promote total, or vital, stakes within the providing.
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The train will run between Sept. 19 and 27, with the ultimate value anticipated to be introduced by Sept. 28, it added.
Founder Yuri Maximov is the corporate’s greatest shareholder with a stake of 51.88%, in keeping with its web site.
Moscow’s position within the Ukraine battle has thwarted the itemizing plans of Russian firms this yr.
Final week, sources informed Reuters that e-scooter firm Whoosh deliberate to boost about $170 million in a Moscow IPO this yr, for the primary public itemizing because the battle started.
Optimistic Applied sciences proprietor Optimistic Group (POSI.MM) listed shares on the Moscow Trade in December with the worth rising about 69% since buying and selling started at 770 roubles, regardless of a droop in February.
On Monday, its shares had been flat by 0809 GMT, after having slipped 1.7% earlier.
In April the U.S. Treasury blacklisted Optimistic Applied sciences and different IT corporations for supporting Russian intelligence companies, which the corporate referred to as “groundless accusations”.
The blacklisting was based mostly on “a misunderstanding and a mistake”, Chief Working Officer Maxim Pustovoy has stated.
Optimistic Applied sciences has stated 98% of its income comes from Russia.
“We’re the one cybersecurity firm that went public by way of a direct itemizing and we need to see people who find themselves excited about know-how and investments on this business amongst our traders,” Pustovoy stated in a press release.
The corporate’s shareholder base has elevated to almost 60,000 from 1,400 since its market debut, Pustovoy added.
($1=60.3000 roubles)
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Reporting by Anna Pruchnicka in Gdansk and Alexander Marrow in Moscow; Enhancing by Kirsten Donovan and Clarence Fernandez
Our Requirements: The Thomson Reuters Trust Principles.
