Railcar builder United Wagon Company (UniWagon) announced the results of the secondary public offering (SPO) of its ordinary shares on the Moscow Exchange. 2.6 mln shares or 2.2% of the increased authorized capital have been placed under the SPO raising a total of RUB 1.9 bln (EUR 29.8 million). More than 130 institutional and retail investors have acquired the shares. As a result of the SPO, the company’s free-float reached 21.05%.
“We have successfully distributed the intended number of shares among retail and institutional investors diversifying our ownership structure. We welcome our new shareholders and will continue developing the company to increase further its market value,” Roman Savushkin, RPC UWC’s CEO, said.
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