Details
Name |
Samolet Group |
Placement specification |
common stock |
Placement type |
IPO |
Subscription type |
Public offering |
Start of placement |
22.10.2020 |
Status |
Completed |
End of placement |
28.10.2020 |
Placement amount |
3 078 968 |
Placement volume, mln. USD |
37 |
Upper bound, USD |
14.28 |
Lower bound, USD |
12.33 |
Offering price, USD |
12.33 |
Price change from the placement date |
195.09% |
Trading floor |
MICEX |
Investment banks |
BKS-Bank, Otkritie, UNIVER Investment Group , VTB Capital |
Capitalisation at the moment of placement, mln. USD |
735 |
Country of operation |
Russia |
Industry |
Real estate and property development |
Offering Memorandum |
|
Additional information
22.10.2020 The price range for the Offering has been set at from RUB 950 to RUB 1,100 per share, implying a pre-money equity value of the Company from RUB 57 billion to RUB 66 billion.
As part of the Offering, up to 3,078,968 ordinary shares of the Company (“the Shares) will be offered by Legal Agency Moscovia, ltd. (the “Selling Shareholder”), which is controlled by one of the Company’s principal shareholders, Pavel Golubkov. Based on the price range, the Offering size corresponds to RUB 2.9 billion to RUB 3.4 billion assuming all Shares in the Offering are placed.
Following the Offering and open subscription, the free float is expected to be 5% of the post-money share capital of the Company. The Shares have been admitted to trading on the Moscow Exchange and dealings in the Shares are expected to commence on 29 October 2020 under the ticker “SMLT” and ISIN RU000A0ZZG02.
29.10.2020 Samolet Group PJSC today announces the price for its initial public offering (IPO) of ordinary shares. The Offering price is set at RUB 950 per share. Based on the Offering price, the market capitalisation of the Company will be approximately RUB 57 billion at the date of commencing on trading on the Moscow Exchange.
The Offering comprises 3,078,968 ordinary shares offered by Legal agency Moscovia, ltd., controlled by Pavel Golubkov, one of the Company’s principal shareholders, equating to an Offering size of RUB 2.9 billion.
The Company’s free float is expected to be 5% of the post-money share capital following the Offering and completion of the open subscription.Commencement of dealings in the Shares on the Moscow Exchange is expected to take place today under the ticker “SMLT” (ISIN RU000A0ZZG02).
Issuer
Samolet Group comprises of several leading Russian full-cycle development companies which realise large-scale real-estate projects. The company operates in the Moscow and Leningrad regions and in Saint Petersburg.
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