Obuv Rossii Group of Companies may postpone its initial public offering (IPO) from December to the first quarter of 2014. This is due to the fact that the number of investors, including foreign ones, wishing to take part in the IPO has significantly increased.
"The company and the organizer are planning to hold additional meetings with them. The placement will definitely take place in one and a half to two months," said the source of the Prime agency.
As a reminder, Obuv Rossii at the end of September made a decision to increase its authorized capital from 7 to 8,8 billion rubles by placing an additional issue of shares by open subscription on the Moscow stock exchange MOEX -0,30%. The company plans to raise 1,5-2 billion rubles by placing up to 25% of the current authorized capital.