Rieker
The organizers of the IPO Detsky Mir Group reduced the price range per share Detsky Mir Group holds an initial public offer of shares (IPO) on the Moscow stock exchange
07.02.2017 1264

The organizers of the IPO Detsky Mir Group reduced the price range per share

On the eve of the closing of the bid book for the purchase of Detsky Mir shares, the IPO organizers reduced the upper limit of the price range to 90 rubles. Initially, it was set at 105 rubles, Kommersant reports.

According to analysts, such a decline may be due to low interest on the part of investors in the purchase of shares in a group of companies. According to another source involved in the placement, the book of applications for the purchase of Detsky Mir shares has been re-signed by 20-50%. Closing of the order book is expected today at 19: 00 Moscow time.

During the IPO, investors will be offered 247,9 million shares of Detsky Mir Group, which is 33,55% of the company. From the updated price range it follows that the entire company is valued at 62,78-66,5 billion rubles, which is 49-57,6% more than a year ago. In January 2016, the Russian-Chinese Investment Fund (RKIF, created by the Russian Direct Investment Fund and China Investment Corporation) acquired 23,1% of the retailer’s shares for 9,75 billion rubles. That is, the entire Detsky Mir business was then worth 42,2 billion rubles.

As we wrote earlier in mid-January, Detsky Mir Group announced its intention to conduct an initial public offer of shares (IPO) on the Moscow stock exchange. The selling shareholders are Sistema PJSC, the Russian-Chinese Investment Fund (RKIF) through investment companies Floette Holdings Limited and Exarzo Holdings Limited, as well as some representatives of Detsky Mir and Sistema management. AFK Sistema intends to maintain strategic control over the company's activities in the medium term, remaining the owner of its controlling stake.

On the eve of the closing day of the order book for the purchase of Detsky Mir shares, the organizers of the IPO lowered the upper limit of the price range to 90 rubles. It was originally set at ...
5
1
Rating
Euro Shoes Exhibition

Latest News

Dr. Martens has released a collaboration with Lazy Oaf

Dr. Martens and Lazy Oaf, a Lazy Oaf clothing brand, have launched a collaboration to celebrate the twentieth anniversary of the clothing brand founded in 2001 by designer Gemma Sheel. The capsule collection includes Dr. Martens Sinclair, laces ...
30.11.2021 36

The Ministry of Industry and Trade will hold a seminar "Legprom - Arctic: Products, Competencies and Prospects"

Russian light industry enterprises will present their products and developments for low arctic temperatures at a two-day seminar ...
30.11.2021 51

Sales on the Westfalika.ru marketplace on Black Friday 2021 were 30% higher.

The increase in online sales during the annual Black Friday promotion on the Westfalika.ru marketplace amounted to 44% in physical terms and 30% in monetary terms, compared to Black Friday in 2020. These results are explained by the significant ...
29.11.2021 51

On Black Friday, Wildberries recorded an increase in sales of Russian goods in foreign markets

Wildberries noted a twofold increase in sales of Russian goods on its platform in foreign markets during the Black Friday sale this year compared to the same period of sales in 2020. Sales amount ...
29.11.2021 141

Virgil Abloh, American fashion designer and founder of Off-White, has passed away

At 42, American fashion designer Virgil Abloh, founder of the street fashion brand Off-White and artistic director of the menswear line of the luxury house Louis Vuitton, has died, - this is stated in his Instagram account ...
28.11.2021 232
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning