Astra says sets price guidance for IPO at 300–333 rbl/share

MOSCOW, Oct 5 (PRIME) -- Russian IT company Astra Group has set the price guidance for an initial public offering (IPO) at 300 to 333 rubles per share, bids will be collected from Thursday through October 12, the company said in a statement.

The guidance corresponds to the company’s market capitalization in the range of 63 billion to 69.9 billion rubles.

“The trade in shares will start under the ASTR ticker on October 13, 2023 after the announcement of the IPO price and the final inclusion of the shares into the second quoting list of securities admitted to trading on the Moscow Exchange,” Astra said.

The company will offer up to 10.5 million shares from its existing shareholders, which is 5% of the issued and circulating stocks. About 10% of them can be used to stabilize the prices at the secondary trading in the period of up to 30 days after the trading has started.

(99.4555 rubles – U.S. $1)

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