Segezha Group PJSC, a subsidiary of Sistema PJSFC, has begun trading on the Moscow Exchange. The stock trades under the ticker SGZH. The shares are included in MOEX’s Level 1 List.
Segezha Group raised RUB 30 billion ($400 million) through its initial public offering (IPO), with the offer price set at RUB 8 per share.
JPMorgan, UBS, VTB Capital, BofA Securities, Gazprombank, Renaissance Capital and Alfa Capital Markets acted as bookrunners for the offering.
Mikhail Shamolin, President and Chairman of the Management Board of Segezha Group, says: “Segezha Group's successful IPO represents not just a milestone in the history of the company but also a landmark for the Russian forestry sector and Russian capital markets, as we become the country's first publicly listed company in the sector. We were able to build a strong book of international and Russian institutional investors, as well as generating significant interest from Russian retail investors. I would like to welcome all of our new investors, and look forward to a long and successful history as a publicly traded company on the Moscow Exchange.”
Segezha Group is a leading Russian vertically integrated holding company in the forest industry performing a full cycle of operations from logging to advanced wood processing.
