The e-scooter company Whoosh on December 14 staged Russia's only initial public offering (IPO) of the year, raising less than originally hoped in a market deprived of Western investors since Moscow sent troops into Ukraine in February. The company said it raised 2.1 billion rubles ($33.2 million), less than half of its original goal. The shares were placed at 185 rubles each, the lower end of the price range, giving Whoosh a market capitalization of 20.6 billion rubles ($326 million), the firm said in a statement. To read the original story by Reuters, click here.
E-Scooter Firm Whoosh Raises Less Than Planned In Russia's Only IPO Of 2022
Whoosh raised some $33 million in its IPO in Moscow on December 14, much less than expected.