Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Russia
  4. Moscow Micex - RTS
  5. Sberbank of Russia
  6. News
  7. Summary
    SBER   RU0009029540

SBERBANK OF RUSSIA

(SBER)
  Report
End-of-day quote Moscow Micex - RTS  -  2022-07-07
133.30 RUB   +0.16%
12/01Russian banks' losses narrow to $6.5 billion as of Nov. 1 -central bank
RE
11/28The yuan's the new dollar as Russia rides to the redback
RE
11/21Russia's Sberbank files lawsuits over restrictions on European units
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Russian e-scooter firm Whoosh plans $170 mln Moscow IPO this year -sources

09/16/2022 | 04:30am EST

* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine

MOSCOW, Sept 16 (Reuters) - E-scooter company Whoosh is planning to raise about $170 million by listing shares on the Moscow Exchange this year in the first Russian initial public offering (IPO) since the conflict in Ukraine began, two sources close to the deal told Reuters.

At least 10 companies from commodities to the financial and retail sectors were looking to go public in 2022, advisers and bankers said late last year, but Russia sending tens of thousands of troops into Ukraine in February has largely thwarted those plans.

Whoosh is hoping to raise about 10 billion roubles ($167 million), the sources said, at a valuation of about 40 billion roubles. They declined to be named because the information was not yet public. Forbes Russia first reported Whoosh's intention to list earlier this week.

Whoosh said it was considering various options but did not comment further on the matter.

"Like any successful company, Whoosh is considering various strategic options for development, including opportunities on capital markets, however it is premature to speak about any concrete plans," a spokesperson for the company said.

Whoosh has hired SberCIB, the investment arm of dominant lender Sberbank, as a bank on the deal, one of the sources said.

Sberbank did not immediately respond to a request for comment.

The deal should benefit from the company's growth, profitability, a recognised consumer brand that can attract retail investors, and the relatively small size of the offering, one of the sources said.

"All the building blocks are there to try and open the market with this particular transaction," the source said.

Whoosh operates in almost 40 locations across Russia and its electric scooters are a common sight around Moscow.

The city's transport department on Monday said 2 million people actively use scooters in Moscow and the number of trips made each year is expected to jump to 20 million in 2022 from 8.6 million last year.

The company's founders own about a three-quarters equity stake, with Ultimate Capital holding 12.9% and VIM Investments holding 13.7%.

Whoosh's revenue jumped 63% in the first half of this year to 3.2 billion roubles, compared with the same period of 2021. For all of 2021, revenue was almost five times higher than the year before.

Net profit fell in the first half of 2022 to 385 million roubles, while the number of trips jumped 84% to 20.3 million. ($1 = 59.8500 roubles) (Reporting by Alexander Marrow; Editing by Edmund Klamann)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
SBERBANK OF RUSSIA 0.16% 133.3 End-of-day quote.-54.60%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.62% 62.572 Delayed Quote.-18.33%
VTB BANK 0.51% 0.01883 End-of-day quote.-61.01%
All news about SBERBANK OF RUSSIA
12/01Russian banks' losses narrow to $6.5 billion as of Nov. 1 -central bank
RE
11/28The yuan's the new dollar as Russia rides to the redback
RE
11/21Russia's Sberbank files lawsuits over restrictions on European units
RE
11/16Indian refiners becoming wary of buying Russian oil as EU sanctions loom - sources
RE
11/10U.S. to allow some Russian energy-related transactions until next May
RE
11/10Sberbank sees no restrictions on dividends in coming years - TASS
RE
11/10SberBank selected RAS highlights for 10M 2022
EQ
11/10Sberbank 10-month net profit tops 50 billion roubles under RAS, CEO says
RE
11/08Croatia to seek sanctions for two businessmen involved in sale of Sberbank's Fortenova ..
AQ
11/07Russia's Sberbank sues Glencore for $116 mln over oil supplies
RE
More news
Analyst Recommendations on SBERBANK OF RUSSIA
More recommendations
Financials
Sales 2022 2 848 B 45 451 M 45 451 M
Net income 2022 1 286 B 20 527 M 20 527 M
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 21,5%
Capitalization 2 993 B 47 773 M 47 773 M
Capi. / Sales 2022 1,05x
Capi. / Sales 2023 0,96x
Nbr of Employees 287 866
Free-Float 45,0%
Chart SBERBANK OF RUSSIA
Duration : Period :
Sberbank of Russia Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 0
Last Close Price 133,30
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Herman Oskarovich Gref Chief Executive Officer & Member-Supervisory Board
Taras Skvortsov Finance Director
Anton Germanovich Siluanov Chairman-Supervisory Board
Larisa A. Zalomikhina Director-Compliance Department
Gennady Georgiyevich Melikian Senior Independent Director
Sector and Competitors