The decision was made at the request of investors

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SR Space, a private aerospace holding, has extended the application period for its pre-IPO until October. The company cited the fact that not all investors had time to submit their applications due to technical reasons. SR Space intends to raise 1.53 billion rubles during the placement, with the cost of one share in the deal being 2,750 rubles.

Russian private aerospace honduras whatsapp resourceholding SR Space has extended the acceptance of applications for participation in the pre-IPO until October 3, according to a company statement seen by Forbes.

who, for technical reasons, did not have time to submit applications, said SR Space CEO Oleg Mansurov. Initially, the company planned to finish collecting applications on August 8, then it extended it until the 29th.
According to Mansurov, August turned out to be a difficult month for the necessary approvals for SR Space "given the summer period and the situation on the stock market." SR Space chose October 4 as the new placement date, noting that this is the anniversary of the launch of the world's first artificial Earth satellite.
SR Space cannot disclose the current volume of investor applications for participation in the pre-IPO, but in recent weeks it has grown, despite the increase in the key rate and the fall of the Moscow Exchange index, said Deputy CEO for Business Development Sergey Mardanov. According to him, some institutional investors did not have time to decide on participation "for organizational reasons."

SR Space offers investors shares at a price of 2,750 rubles per share. As part of the additional issue, the company will issue 555,555 shares by closed subscription, with a total of 1.53 billion rubles planned to be raised. The FBK audit company estimated the value of SR Space at 16.9 billion rubles. Mansurov reported that the company plans to grow to a full-fledged IPO in 3-4 years.