Stock market news

IVA Technologies

Video conferencing service developer IVA Technologies is planning an IPO. Company could go public in the second or third quarter of the year with a valuation of ₽35-40 billion. It has already hired bank consultants and lawyers, and the deal will also involve the sale of shares to existing shareholders.

Inter RAO

Inter RAO reduced electricity exports to China by 75% in January-February 2024. At the same time, in the first quarter, the company increased supplies to Kazakhstan by 20% and doubled supplies to Mongolia. Electricity exports in the first quarter of 2024 are forecasted at 2.1 bln kWh, which is higher than the figure in the business plan, but slightly lower t...

T-Bank

Tinkoff Bank launched the Tinkoff Leasing platform for leasing cars on financial lease. Alexander Mikhailov, who has more than 20 years of experience in the leasing industry, took charge of this area. Tinkoff Leasing is still available for legal entities and individual entrepreneurs in Moscow and St. Petersburg. In the coming months, the company plans to lau...

Rostelecom

Rostelekom's subsidiary has registered two trademarks under the ninth class of ICTU, which includes laptops, tablets, printers and other computer equipment. In Rostelecom refused to confirm or deny plans to develop its own production of computer equipment, but said that the company is conducting a large number of studies and will not disclose details until t...

Nebius Group

Marketplace Yandex.Market has decided to produce clothing under its own trademarks. Company registers the brands Tame, Muted and Humanform for children's and adult clothing in the medium price segment. Production will be carried out at the facilities of different factories and countries, for example, in China and Uzbekistan.

Delimobil

Delimobile carsharing service continues to expand its geography of presence and adds one more city to the current 10. Starting April 2, 250 brand new cars will be available for rent in Sochi. Within a month the car fleet in the city will grow to 500 cars. Coverage of the service covers all the most popular destinations among residents and guests of the city.

X5 Retail Group

Frank Loeist, a member of the Management Board of X5 Group, sold 20 thousand of the company's global depositary receipts at a price of $21 per unit. Ttransaction amounted to $420 thousand, or ₽38.87 mln. Frank Loeist sold his entire stake in X5 Group.

VTB Bank

VTB's IFRS net profit for January-February 2024 amounted to ₽61.3 billion, down 33.2% from ₽91.7 billion in the previous year. Net interest income fell 3.1% to ₽107.1 billion from ₽110.5 billion a year earlier. Net fee and commission income rose 29% to ₽33.4 billion from ₽25.9 billion.

Softline

Softline has opened an additional exchange window for Noventiq GDRs. Within two weeks - March 27 to April 9 - holders of the receipts will be able to exchange them for Softline shares in the ratio of 3 to 1. Softline shares will be provided for exchange by the company's largest shareholder, Atalaya LLC.

Whoosh

Whoosh's IFRS net profit for 2023 was ₽1.94 billion, up 2.4 times from ₽0.822 billion in the previous year. Revenue rose 54.2% to ₽10.73 million against ₽6.96 million a year earlier.