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Russian Electric Scooter Firm Whoosh Plans $400M IPO

05 Dec 2022 | Abstracted from Reuters

"... upcoming initial public offering (IPO), the first Russian market debut since Moscow sent troops into Ukraine in February.

"Whoosh said it would use the IPO proceeds to invest in more scooters and continue expanding across Russia and other ex-Soviet countries.

"At least 10 Russian companies had been looking to go public in 2022...Russian retail investors are likely to play a prominent role as Western financial institutions shun..."



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