Cybersecurity
Russian IT Firm Softline Seeks $1.9 Billion Valuation in IPO
- Firm plans London primary listing, secondary listing in Moscow
- IPO proceeds to go toward acquisitions, business development
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Softline Holding Ltd., an IT services and cybersecurity provider founded by Russian businessman Igor Borovikov, set a price range for its initial public offering in London and Moscow that values the company at as much as $1.93 billion.
That’s the top end of the $7.50 to $10.50 per share range proposed to investors, the company said in a statement on Monday. The bookbuilding process is expected to be completed around Oct. 26 with the final price announced the following day.