East-West Digital News 13 Mar 2012
Vist Group, a major, twenty-year-old Russian developer of turn-key IT solutions for mine fleet and railroad management systems, is considering seeking capital market opportunities, according to Reuters. A resident of Skolkovo, the government-sponsored technology hub outside Moscow, Vist could thus become the first Skolkovo resident to orchestrate an IPO.
Vist has declined to make any public comments, but observers presume the company could be eyeing the Innovation and Investment Market, a special trading platform within Russia’s MICEX stock exchange that is focused on high tech companies. The timeframe for the possible IPO is subject to speculation.
Alor Invest, an investment brokerage hired to advise Vist Group on capital raising, confirmed that Vist is indeed planning to go public, but declined to comment further on what percentage of the stock may be offered and how much money Vist is hoping to raise, citing a “confidentiality agreement.”