Incab Holding Raises RUB 2 Billion in IPO

Incab Holding completed its IPO on the Moscow Exchange at RUB 100 per share, raising RUB 2.04 billion through the placement of 20.4 million shares. According to the company's disclosure, the free-float reached 20.31% of share capital, and trading under the ticker INCB began on June 24. Existing shareholders also agreed not to sell their shares for 180 days and to support dividend payments of at least 50% of IFRS net profit over the next five years.