One of the sources, in investment banking circles, said Softline was aiming to list in the third quarter of 2023. The sources declined to be identified because the plans have not been made public. Cybersecurity firm Positive Technologies held a secondary public offering late last month, defying a plunging stock market as Russia launched a partial mobilisation of additional servicemen. London-listed Softline Holding plc (SFTLq.L) began operating under a new brand, NOVENTIQ, on Thursday, after completing the sale of its Russian operations to founder Igor Borovikov. Softline said in a statement on Thursday that spinning off its Russian business was aimed at optimising its local growth strategy and potentially listing securities on the stock exchange.

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