Russia’s Europlan raises 3.3 bln rbl in initial public offering

MOSCOW, Dec 10 (PRIME) -- Russian car leasing company Europlan has raised 3.274 billion rubles by offering 5.744 million shares at 570 rubles per security during an initial public offering (IPO), the company said in a statement Thursday.

The demand for the securities stood at 4.7 billion rubles.

As a result of the IPO, the free float amounted to 25% minus one share.

Europlan’s market capitalization, taking into account the offering price, stood at 13 billion rubles.

(69.2000 rubles – U.S. $1)

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