Stonebridge Legal gave legal advice on the IPO of VseInstrumenti.ru, the largest online platform in the DIY market and now the largest public company in the Russian DIY industry.
The offering has attracted very high interest from all investor groups, the order book was oversubscribed several times at the upper boundary of the price range, while the level of demand across the entire price range in the order book was virtually identical.
According to the media, the company conducted its initial public offering at the previously announced range of RUB 200–210 per share. This corresponds to the market capitalisation of 100 billion roubles.
As a result of the IPO, the free-float reached up to 12% of the company’s share capital. The shares are traded under the VSEH ticker and are included in the primary list of the Moscow Exchange.
Read more information about the project in the company’s press release.