The CBR decision states that about 57.044 million shares but no more than 25% of the total number of placed shares in circulation can be placed and traded outside of Russia. The exchange's charter capital now is 427.82 million rubles. Under the new share issue approved by the CBR, the exchange can double its charter capital with the placement of about 114.086 million shares with par value of 3.75 rubles each. The company expected a valuation of $1.8 billion-$2.5 billion. It was previously expected that the exchange would place its shares on two exchanges simultaneously. is expected to raise another $300 million. The exchange is therefore valued at $1.5 billion. The sources said the exchange plans to raise $150 million with the IPO in Russia by placing about 10% of its shares. The IPO on the SPB Exchange could take place in November, they said. Interfax sources said earlier that SPB Exchange plans to carry out an IPO on its own platform in the next few months and get a listing on Nasdaq in April 2022. The company also intends to apply to list the ADSs on the Nasdaq Global Select Market. SEC to register new and existing shares in the form of American Depositary Shares (ADS) in the United States as part of a subsequent offering of its shares and ADSs to the public in the U.S.
Spb stock registration#
Before the end of the first half of 2022, the company intends to file a Form F-1 registration statement with the U.S. Following the IPO, the shares will be traded in the Level 1 section of the List of Securities Admitted to Trading on SPB Exchange under the symbol SPB, the company said.Īlso on September 23, 2021, the CBR issued a permit that allows the company to establish a depositary shares program outside Russia.
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The new share issue was registered by the Central Bank of Russia (CBR) on September 23, 2021. The company intends to use the proceeds from the IPO for general corporate purposes, including to increase the capital of its key operating subsidiaries, PJSC Best Efforts Bank (SPB Bank) and MFB Clearing Center JSC (SPB Clearing). The Company believes that an IPO on the platform of SPB Exchange will maximize opportunities for participation of retail investors in Russia and will represent an important milestone in its strategic path to becoming a public company," the exchange said after a meeting of its board at which directors voted to convene an extraordinary general meeting of shareholders on November 18 to approve directors' and officers' insurance and indemnity agreements that are customary for public companies, the company said. "The Company is currently considering an initial public offering (IPO) of its ordinary shares on SPB Exchange to be completed before the end of 2021. Securities and Exchange Commission in the first half of 2022 for a listing in the United States. Petersburg Exchange) has officially announced plans for an initial public offering on its own platform before the end of this year, as well as intentions to file with the U.S. Oct 19 (Interfax) - PJSC SPB Exchange (formerly known as St.
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CIRCOR International shares rose 6.2% to $37.71 in after-hours trading.MOSCOW. (NYSE: CIR) to report quarterly earnings at $0.56 per share on revenue of $203.19 million before the opening bell. Analysts expect CIRCOR International, Inc.Lordstown Motors shares dropped 10.3% to $6.18 in after-hours trading, following around 24% surge in regular trading session. The pre-production electric vehicle maker said it now expects commercial production of its Endurance EV pickup to begin in the third quarter of 2022 and not the second quarter as it had previously estimated. Lordstown Motors Corp (NASDAQ: RIDE) reported a net loss of $95.8 million in the third quarter ended the quarter with $233.8 million in cash. Get the latest stock news for NYSE companies, press releases, financial disclosures and multimedia content, for day traders, investment community, individual investors and the general public.AstraZeneca shares gained 0.5% to $63.20 in after-hours trading.įind out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.Ĭhoosing the best broker is an important part of being a successful trader or investor The company will release earnings before the markets open.
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Analysts are expecting AstraZeneca PLC (NASDAQ: AZN) to have earned $0.62 per share on revenue of $9.87 billion in the recent quarter.Flowers Foods shares climbed 3.9% to $26.50 in the after-hours trading session. (NYSE: FLO) reported better-than-expected results for its third quarter and raised its FY21 earnings guidance. Spectrum Brands shares rose 0.6% to $94.60 in after-hours trading. (NYSE: SPB) to report quarterly earnings at $0.65 per share on revenue of $1.04 billion before the opening bell. Wall Street expects Spectrum Brands Holdings, Inc.Some of the stocks that may grab investor focus today are: