RUSSIA: MOEX Launches START Platform

Tuesday July 23 2024

On 22^nd July 2024, Moscow Exchange (MOEX) announced that the platform for raising capital by Russian companies MOEX START has become available to issuers and investors.

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

An issuer on the MOEX START platform can be a non-public Russian company with a period of existence of more than one year and revenue of 50 million rubles for the last reporting year. The company must also have an assessment from an accredited appraiser and a formed investment case for investors, including plans for a public offering.

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

At the same time, investors who did not participate in the placement transaction have the opportunity to purchase the securities they are interested in at any convenient time.

Click on the above link for further information