Delimobil Holding, which is a leading Russian car-sharing firm with a fleet of nearly 18,000 vehicles, postponed its IPO on Thursday, citing market conditions. It had filed to raise $220 million by offering 20 million ADSs (2% secondary) at a price range of $10 to $12. The company had planned to dual list on the NYSE and Moscow Exchange.
The company was founded in 2015 and booked $125 million in sales for the 12 months ended June 30, 2021. It had planned to list on the NYSE under the symbol DMOB. BofA Securities, Citi, VTB Capital, Banco Santander, Renaissance Securities, Sberbank, and Tinkoff Bank were set to be the joint bookrunners on the deal.
