JetLend (PJSC Jetland Holding) has announced a price range and is opening an IPO book on the St. Petersburg Stock Exchange. This is stated in the company's message.
The indicative price range of the offer is set in the range from 60 rubles to 65 rubles per share, which corresponds to JetLend's market capitalization in the amount of 6 billion rubles to 6.5 billion rubles. without taking into account the funds that are planned to be raised as part of the IPO.
It is assumed that the main part of the offer will be an additional issue of shares of the company in the amount of up to 650 million rubles.
As part of the IPO, the current shareholders of the company have the opportunity to sell their shares in the amount of up to 151.42 million rubles.
The company's founding shareholders will also provide shares worth up to 25% of the base IPO amount, which can be used for possible stabilization at secondary auctions up to 70 calendar days after the start of trading.
The total size of the IPO can be up to 1 billion rubles, and the group's share in free float can be up to 14%.
It is expected that the funds raised by the company during the IPO will be used to finance JetLend's strategy for further growth, business scaling, further building the platform's user base, expanding the product portfolio and developing new products.
After the completion of the IPO, the current founding shareholders, Roman Khoroshev and Evgeny Uskov, will retain a majority stake in the company's capital.
The start of trading in shares under the ticker JETL and ISIN RU000A10A0J4 will begin on March 26, 2025 after the announcement of the offer price.
JetLend is a crowdlanding fintech platform that provides its clients with a fintech solution for lending to small and medium-sized businesses directly, without financial intermediaries.
Crowdlanding is a method of direct online business financing by retail and institutional investors, a transparent, technological and affordable alternative to bank lending and loans from microfinance organizations.
The group's operating company, Jetland LLC, is included in the register of investment platform operators of the Bank of Russia.
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