Russian e-scooter firm Whoosh considering IPO

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E-scooter firm Whoosh is considering an IPO on the Moscow Exchange, in what would be Russia's first public listing since the country invaded Ukraine.

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E-scooter firm Whoosh said today it is considering an initial public offering on the Moscow Exchange, in what would be Russia's first public listing since the country began what it calls a"special military operation" in Ukraine.

Existing shareholders would also sell down some of their stake in the IPO to boost liquidity in the offering, Whoosh said in a statement. "The intention to become a public company is the next stage in the development of Whoosh and the Russian market as a whole," said its founder and General Director Dmitry Chuyko, adding the IPO would represent a"turning point" for Russian businesses operating in the so-called sharing economy.Sources told Reuters in September that Whoosh was hoping to raise about 10 billion roubles at a valuation of about 40 billion roubles.

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