9 Oct 2017 09:35

Price range for Obuv Rossii IPO is 140-170 rubles, valuing co at 15.8 bln-19.2 bln rubles

MOSCOW. Oct 9 (Interfax) - The price range for the IPO of Obuv Rossii has been set at 140-170 rubles per share, valuing the Russian footwear retailer at 15.8 billion-19.2 billion rubles, the company said in a statement.

The company plans to sell 42.396 million new shares, and founder and CEO Anton Titov plans to sell up to 4,239,600 existing shares under an over-allotment option. Therefore, the IPO could total 6.5 billion to 7.9 billion rubles, including the option.

Following the public offering, the company's free float is expected to be up to 41% of increased share capital.