Delimobil Holding, which is a leading Russian car-sharing firm with a fleet of nearly 18,000 vehicles, withdrew its plans for an initial public offering on Friday. It had filed to raise $220 million by offering 20 million ADSs (2% secondary) at a price range of $10 to $12, but postponed ahead of pricing in November.
The Luxembourg-based company was founded in 2015 and booked $125 million in revenue 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.
