Earlier, the trading floor set the IPO price at $ 10.5-11.5 per share. Thus, the placement will take place at the upper border of the price range.
During the IPO, the exchange will offer investors 15.2 million shares. It is noted that the placement will take place from November 19 to December 9, 2021.
Earlier it became known that during the IPO the company intends to place up to 13.3% of the current share capital, which is estimated at $ 1.2-1.3 billion. As a result, the exchange plans to raise approximately $ 175 million, assuming that there will be no redemption option. executed before deduction of the placement costs. The company plans to use the funds raised for general corporate purposes, including increasing the capital of key operating subsidiaries SPB Bank and SPB Clearing.
The plans for the IPO were confirmed by SPB Exchange on 18 October. At the same time, the site announced its intention in the first half of 2022 to submit an application to the US Securities and Exchange Commission (SEC) for listing on the American Nasdaq site.
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