Software Factory Postpones IPO Due To Market Conditions
A software factory has announced the postponement of its initial public offering due to current market conditions. The company stated it does not rule out returning to the IPO process at a later date. Funds currently blocked in investor accounts due to the application process will be released within the timeframe established by exchange rules. The business has proposed new measures to the government. Software Factory, a subsidiary of Softline Group, has postponed its planned initial public offering on the Moscow Exchange. The company stated the decision was driven by current market conditions and a deterioration in the external environment. This delay comes despite the company reporting that its order book was covered and investor interest was confirmed. The IPO was originally intended to take place by the end of the year.
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Sources · 7 independent
Kommersant FM
“Фабрика ПО сообщила, что переносят IPO из-за рыночной конъюнктуры. Компания не исключает возвращения к процессу.”
Kommersant FM
“Фабрика ПО, входящая в группу софтлайн, отложила проведение IPO, несмотря на то, что книга заявок была покрыта, а интерес инвесторов подтверждён. Компания объяснила это решение текущей рыночной конюнгторы и значительному худшению внешнего фона.”
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