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Softline, a Russian company, raised $400 million in an initial public offering.

Byadmin

Oct 27, 2021
Softline, a Russian company, raised $400 million in an initial public offering.

This company’s stock is currently trading in the lower range.

This business provides information services as well as cyber security. More than 53 million shares have been placed on the London Stock Exchange at the lowest price, with a price of $ 70 per share. This amounts to about 1/3 of the company’s auction capital. The owner of the company is Igor Borovikov, a businessman from Russia.

Only 2 companies have floated on the securities exchange this month.

Softline was founded in 1993 in Moscow, initially the company was engaged in reselling software Ostad of the company was only 10 people. The company started out selling Microsoft programs, but as time went on, the company’s offerings grew. The company’s annual revenue is now nearly $ 1.8 billion, with a net profit of $ 52 million.

Among the global coordinators and chronographers seen were VTB Capital, Morgan Chase, and Credit Suisse.

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