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Name European Medical Center (EMC)
Placement specification GDR
Placement type IPO
Subscription type Public offering
Start of placement 07.07.2021
Status Completed
End of placement 15.07.2021
Placement amount 40 000 000
Placement volume, mln. USD 500
Upper bound, USD 14.00
Lower bound, USD 12.50
Offering price, USD 12.50
Trading floor MICEX
Investment banks Citigroup, JP Morgan, VTB Capital
Capitalisation at the moment of placement, mln. USD 1 125
Country of operation Russia
Industry Healthcare

Additional information

15.07.2021 United Medical Group CY PLC, the leading multidisciplinary premium-class healthcare services provider in Russia operating under the European Medical Center brand, today announces the offer price for its initial public offering at USD 12.5 per GDR. At the indicated Offering Price, the Companys market capitalization on the date of the commencement of trading on Moscow Exchange will be approximately USD 1.125 billion (RUB 83.389 billion1).

The Offering consists of the sale of 40,000,000 GDRs (subject to a reduction of up to 6,000,000 GDRs due to repurchases of GDRs made as a result of stabilization activities), each representing an ownership interest in one ordinary share of the Company.

The total gross proceeds of the Offering are approximately USD 500 million (assuming no exercise of the repurchase option).

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