PJSC B2B-RTS has announced the price range of the initial public offering of ordinary shares listed on the Moscow Stock Exchange. The company has started accepting applications from institutional and private investors to participate in the IPO. This is stated in the company's message.
The IPO price range is set at 112 rubles to 118 rubles per share, which corresponds to the market capitalization of B2B-RTS from 20 billion rubles to 21 billion rubles.
The platform's shares will be included in the second-tier quotation list of the Moscow Stock Exchange.
As part of the IPO, investors will be offered shares owned by current shareholders in the person of Sovcombank and financial investors in proportion to their ownership shares in B2B-RTS. The size of the management's stake, which is part of the current shareholders, will remain unchanged. At the same time, Sovcombank plans to retain a significant share in the equity of B2B-RTS and will continue to participate in the development of the platform's business.
The selling shareholders plan to offer 11.5% of the platform's share capital for sale, including shares provided for stabilization purposes, which in monetary terms corresponds to the size of the offer from 2.3 to 2.4 billion rubles at the lower and upper limits of the established price range, respectively.
The IPO price will be set by the selling shareholders at the end of the application collection period, which will end no later than April 16, 2026.
As part of the IPO, a stabilization mechanism of about 15% of the base offer size at the IPO price will be structured, which will be valid for 30 calendar days after the start date of trading on the Moscow Stock Exchange.
B2B-RTS and the selling shareholders will assume obligations limiting the placement of new shares and the disposal of already placed shares within 180 days from the date of the beginning of public trading in shares. Other current shareholders, represented by management, will also assume similar obligations.
It is expected that trading of shares on the Moscow Stock Exchange will begin on April 17, 2026 under the ticker BTBR and ISIN RU000A104U43.
The offer will be available to Russian qualified and unqualified investors — individuals, legal entities, as well as to Russian institutional investors. Applications for the purchase of shares can be submitted through leading Russian brokers.
B2B-RTS unites the commercial procurement platform and the vendor of domestic solutions B2B-Center, the electronic platform RTS-tender, the laboratory of digital developments OTC, the educational center RTS-Academy and the digital service Cloud Logistics.
By the end of 2025, the total volume of purchases on B2B-RTS amounted to almost 10 trillion rubles.
Sovcombank PJSC is a universal bank. It is included in the list of systemically important credit organizations (NWCO) of the Bank of Russia. The Bank serves 8.3 million individuals, including 7.6 million borrowers and more than 500,000 depositors.
Sovcombank's net profit under IFRS for 2025 amounted to 53.2 billion rubles. This is 31% less than in 2024. Net interest income increased to RUB 176.5 billion from RUB 158 billion.
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