en.Wedoany.com Reported - Inkab Holding Public Joint-Stock Company (PJSC "Inkab Holding") has announced plans to conduct an initial public offering (IPO) and listing on the Moscow Exchange, with the transaction expected to begin in June. The IPO will be conducted as a cash capital increase, with the market receiving additional shares registered by the Central Bank of Russia (CBR) on March 31. The company plans to use the raised funds to reduce its debt burden.
The company and its existing controlling shareholder (Alexander Smilgevich) will assume a traditional six-month lock-up obligation. Additionally, the lock-up includes a non-standard clause: after the 180-day period ends, the shareholder and its affiliates are restricted from selling shares on the exchange for five years from the IPO date. During the aforementioned five-year lock-up period, to comply with the company's announced dividend policy, the shareholder will commit to voting in favor of paying dividends of no less than 50% of net profit under International Financial Reporting Standards (IFRS). Within the IPO framework, a stabilization mechanism will be implemented for 30 days after trading begins, followed by plans to enter into a market maker service agreement to maintain stock liquidity.
Qualified and non-qualified individual investors who have passed testing within Russia, as well as institutional investors, can participate in the IPO. Share subscription applications can be submitted through Russian brokers. Inkab is a developer and manufacturer of fiber optic and specialty cables, producing approximately 100 types of products, including duct cables, direct burial cables, aerial self-supporting cables, indoor cables, data center cables, and specialty products for the oil, gas, and mining industries. In 2026, with support from the Industrial Development Fund (IDF), the company launched production of submarine fiber optic cables, with a total project investment of 1 billion rubles.
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