Moscow Exchange: MOEX Start

2025: Over-the-counter placement of Exalter shares

On January 22, 2025, OTC placement of shares of JSC Exalter"" - the parent company of the Exalter Group, which provides a large range of marketing services Russian to companies, began on the MOEX Start platform. The security code is VSBL.

As part of the placement, the company will offer investors 500,000 shares of an additional issue at a price of 1,320 rubles per ordinary share. The securities will only be available to qualified investors. The collection of investor proposals will be held between January 22 and February 19, 2025.

The MOEX Start service provides Russian non-public companies with the opportunity to raise capital for their development by placing shares under a closed subscription on the basis of the infrastructure of the National Clearing Center (part of the Moscow Exchange Group).

After the placement of shares, they can be added to the list of instruments of the OTC share market with the central counterparty of the Moscow Exchange, on the basis of which the platform operates. The presence of a liquid secondary market greatly simplifies operations with securities for shareholders and new investors, and also helps the company in the future to obtain a market valuation. At the same time, investors who did not participate in the placement transaction have the opportunity to purchase securities of interest to them at any convenient moment.

2024: MOEX Start platform launch

The Moscow Exchange platform for raising capital by Russian companies MOEX START has become available to issuers and investors. The Moscow Exchange announced this on July 22, 2024.

On the MOEX START platform, Russian non-public companies will be able to raise capital for their development by placing shares under a closed subscription on the basis of the infrastructure of the Moscow Exchange Group. All participants in the clearing of the Moscow Exchange on the stock market have access to the platform.

A non-public Russian company with a life of more than one year and revenue of 50 million rubles for the last reporting year may become an issuer on the MOEX START platform. Also, the company must have an assessment from an accredited appraiser and a formed investment case for investors, including public offering plans.

Qualified investors - clients of brokerage companies and banks - can participate in the placement of shares of non-public companies.

After the placement, shares can be added to the list of traded instruments of the OTC share market with the central counterparty of the Moscow Exchange, on the basis of which the platform operates. The presence of a liquid secondary market greatly simplifies operations with securities for shareholders and new investors, and also helps the company to obtain a market valuation. At the same time, investors who did not participate in the placement transaction have the opportunity to purchase the securities of interest to them at any convenient moment.

Шаблон:Quote 'author=said Boris Blokhin, managing director for the stock market of the Moscow Exchange.

The first issuer on the MOEX START platform was the private space company SR Space. As part of the offering, the company offered qualified investors 555,555 shares of an additional issue at a price of 2,750 rubles per ordinary share. Collection of investor applications through brokerage companies will last until August 8, 2024 inclusive.