Founder, main holder Borovikov says IT group Softline mulling IPO

MOSCOW, May 13 (PRIME) -- Group of companies Softline, one of the largest IT services providers in Russia, is considering an initial public offering (IPO), founder and Chairman of the Board of Directors Igor Borovikov said late on Wednesday in a statement.

“Today we see significant potential for further creation of value on the basis of Softline’s global presence and are thinking about different opportunities of strategic expansion, including through a potential placement of the company’s shares on the bourse,” Borovikov said.

According to the group’s presentation, Borovikov is the main shareholder of Softline, and the others are Da Vinci Capital, Zubr Capital, and Sovcombank.

Softline’s turnover rose by 8.9% to U.S. $1.8 billion in the 2020 financial year ending March 31. The group works in more than 50 countries.

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