Whoosh places shares at lower end of price range during IPO, raises 2.1 bln rubles, capitalization to be 20.6 bln rubles

MOSCOW. Dec 14 (Interfax) - PJSC WUSH Holding, operator of the Whoosh scooter/kicksharing service, has placed shares at a price of 185 rubles per share as part of its IPO, the company said in a statement.

This is the lower end of the previously established price range of 185-225 rubles per ordinary share, with the company having announced on Monday that the IPO could take place at this price range.

The amount of funds raised from the IPO through the additional issue of shares was 2.1 billion rubles. Based on the results of the share placement, the company's market capitalization should total 20.6 billion rubles.

It was initially assumed that the IPO would comprise two potentially equal components, with the company itself raising up to 2.5 billion rubles through an additional issue, and the current owners selling shares within the same amount; however, the shareholders decided not to sell their respective shares.

Shareholders provided shares at 200 million rubles for possible stabilization in secondary trading.

The company's charter capital prior to the transaction comprised 100 million shares, rising to 111.35 million shares following the placement. The percentage of new shares in the charter capital following the IPO should be around 10.2%.

The deal involves a lock-up of 185 days for the company, its shareholders and their affiliates.

Trading in Whoosh common shares under the ticker "WUSH" and the code ISIN RU000A105EX7 will begin on the Moscow Exchange on December 14.

The company intends to allocate the funds raised from the IPO to finance the Whoosh group's investment program, including expanding the scooter fleet, strengthening positions in existing markets, and entering new regions.