Founder of Softline Igor Borovikov intends to increase his share in the company. The company also intends to implement a motivation program, under which all Softline employees will be able to become its shareholders. In addition, Softline plans to increase its staff of developers from 2 to 5 thousand people in the next 2-3 years.

SoftLine's IFRS net income for 6M 2021 fiscal year was $3.743 mln, up 22.5% from $3.056 mln in the previous year. Revenue increased by 33.5% to $868.384 million compared to $650.632 million a year earlier.

Credit Suisse Bank's stabilization manager partially exercised the additional placement option, receiving 88,062 Softline GDRs at $7.5 per security. Taking into account the partial exercise of the option, the total number of securities placed by the company amounted to 53,421,396.

Softline plans to use 80 percent of the funds raised during the IPO, i.e. $320 million, to acquire IT companies, said Igor Borovikov, the company's founder. He added that the list of potential acquisitions includes about 30 companies worth $1.5 billion, but not all of them are converted into real deals. By March 31, 2022, the company plans to close 2-3 deals...