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Details
| 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 Company’s 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).