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Russian haulage operator Globaltruck has gone public, listing itself on the Moscow Exchange seeking funds for fleet expansion.
Trading in Globaltruck Management went live today, with an initial public offering of 26.5m shares valued by the company at Rb3.5bn ($60m).
In a statement, the company said it would raise approximately Rb2.57bn in net proceeds from the IPO, which would use to support growth through capital investment and make targeted acquisitions.
Co-founder and chief executive Alexander Eliseev said he was “delighted” by the IPO, which he ...
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