Sale of stake in UWC through IPO
RPC UWC has completed its IPO on the Moscow Exchange.
12.22% of the Company’s shares were sold as part of the Offering for a total of RUB 9.028 billion. Based on the offer price of RUB 700 per share, UWC’s market capitalisation is RUB 73.9 billion. Over 50 investors participated in RPC UWC’s IPO.
ICT Holding’s United Wagon Plc has reduced its share in UWC to 87.78%.
United Wagon Company is the market leader in innovative railcar manufacturing in Russia.