Henderson announced plans to go public

The Henderson men’s clothing chain announced its intention to hold an IPO on the Moscow Exchange. This was reported by the company’s press service.

Henderson shares are scheduled to begin trading in early November. During the placement, the company plans to sell on the Moscow Exchange more than 10% of its shares, which will be issued as part of an additional issue. The company did not specify how much it wants to raise through the IPO.

Earlier, the company’s plans to place shares on the stock exchange were announced by RBC citing four investment market sources. According to one of the interlocutors, the company expects to raise about 3–4 billion rubles. After that in Henderson reportedthat “they are considering various strategic development options,” but refused to talk about specific plans.

Earlier, about 10 IPOs are expected on the Moscow Exchange this year, spoke Director of the Department for Work with Issuers of the Moscow Exchange Natalya Loginova. This year, biotech Genetico, fintech CarMoney and software manufacturer Astra have already conducted initial offerings. In 2022, there was only one IPO on the Russian market – the service for short-term rental of Whoosh scooters.

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