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Search resuls for: "Astra Group"


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Russian tech firm Astra raises $36 mln in Moscow IPO
  + stars: | 2023-10-13 | by ( ) www.reuters.com   time to read: +2 min
Russian share listings have been thin on the ground since Russia sent troops into Ukraine in February 2022, and are generally characterised by small volumes and dependent on Russian investors after an exodus of Western capital. Astra dominates Russia's operating system (OS) market with its Astra Linux software. Astra said it set the price at 333 roubles per share, corresponding to a market value of 69.9 billion roubles. "The IPO allowed us to launch a long-term motivation programme for our employees," CEO Ilya Sivtsev said in a statement. Trading under the ASTR ticker on the Moscow Exchange (MOEX.MM) should begin later on Friday.
Persons: Ilya Sivtsev, Gleb Stolyarov, Olga Popova, Alexander Marrow, David Evans, Sharon Singleton Organizations: Astra, Astra Linux, Astra Group, Moscow, Thomson Locations: Russia, Ukraine MOSCOW, Russian, Moscow, Ukraine
SummaryCompanies This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Oct 3 (Reuters) - Russian technology company Astra plans to open the books for an initial public offering (IPO) on the Moscow Exchange on Thursday, two financial market sources told Reuters, with trading due to start on Oct. 13. Sberbank, Gazprombank, Alfa Bank and Start Capital were chosen as organisers of the offering, said the sources, who asked not to be named because the information is private. Astra dominates Russia's operating system (OS) market with its Astra Linux software. ($1 = 98.3250 roubles)Reporting by Olga Popova and Gleb Stolyarov; Writing by Alexander Marrow; Editing by Mark TrevelyanOur Standards: The Thomson Reuters Trust Principles.
Persons: Olga Popova, Gleb Stolyarov, Alexander Marrow, Mark Trevelyan Organizations: Astra, Moscow, Alfa Bank, Start, Astra Group, Astra Linux, Thomson Locations: Russia, Ukraine, MOSCOW, Russian, Moscow
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