Russian car-sharing firm Delimobil says it has postponed IPO


Changes sourcing, adds detail

MOSCOW, Nov 4 (Reuters) - Russian car-sharing company Delimobil DMOB.N said on Thursday it had decided to postpone its initial public offering (IPO) because of market conditions.

Delimobil Holding S.A. said last month it would look to raise as much as $240 million in a U.S. IPO at a valuation of more than $900 million.

"Despite receiving high quality interest from investors, the company decided not to proceed with the offering due to market conditions," Delimobil said on Thursday,

Interfax news agency, citing an unnamed source, said the company was considering returning to the IPO plans in early 2022.

(Reporting by Gleb Stolyarov; Writing by Vladimir Soldatkin; Editing by Edmund Blair)

((; @vsoldatkin;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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