MOSCOW, Oct 27 (PRIME) -- Russian provider of IT solutions Softline is offering 53.333 million global depositary receipts (GDRs) in an initial public offering (IPO) at U.S. $7.5 per receipt, the group said on Wednesday in a statement.
Softline will raise $400 million and its market capitalization will amount to $1.5 billion at the start of the conditional trading on the main market of the London Stock Exchange.
Some current shareholders of the group will give up to 8 million GDRs as an option of an additional offer.
The securities will be provided by Softline Group Inc., whose beneficiary owner is Igor Borovikov, Da Vinci Private Equity Fund II L.P, Investment Partnership Da Vinci Pre-IPO Fund and Zubr Capital Fund I LP.
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