Delimobil postponed IPO on the New York and Moscow stock exchanges

The Delimobil service decided to postpone the IPO on the New York Stock Exchange, a company representative told RBC.

“Despite the high interest from investors, Delimobil has decided to postpone the IPO due to market conditions,” they explained.

The IPO has been pushed back to early 2022, according to a source familiar with the details of the process.

The owner of the Delimobil service, Delimobil Holding SA, planned to start trading its American Depositary Receipts on the New York Stock Exchange on November 3rd. The company has also received approval for listing on the Moscow Exchange (MOEX). The price range was set at $10-12 per paper. Based on it, the company could raise $200-240 million or $230-276 million if the option was exercised. The IPO was organized by BofA Securities, Citigroup, VTB Capital, Banco Santander, Renaissance Capital, SberCIB, Tinkoff.