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Liniya Prava Supports Obuv Rossii on IPO

Liniya Prava Supports Obuv Rossii on IPO

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Liniya Prava has supported Obuv Rossii PJSC in its September 2017 RUB 6 billion IPO on the Moscow Exchange. 

The IPO of Obuv Rossii — Russia's second largest footwear retailer — is only the second on the Moscow market this year, following Detsky Mir's in February (as reported by CEE Legal Matters on February 20, 2018).

According to Liniya Prava, "bookbuilding was closed on October 19, at 19:00. On October 20, securities were admitted to trading. The total offering amounts to approximately RUB 6.2 billion in case of full exercise of the over-allotment option or approximately RUB 5.9 billion without such option. As of November 22, 2017, the market capitalization of Obuv Rossii amounted to approximately RUB 15.24 billion." 

Liniya Prava advised Obuv Rossii on Russian law matters. The firm's team was led by Partner Oleg Bychkov and Associate Irina Laier.

Liniya Prava did not reply to an inquiry on the matter.

Editor's Note: After this article was published Liniya Prava informed CEE Legal Matters that the VIC Global Markets, Citigroup, Renaissance Capital, and Sberbank CIB were the global coordinators and joint book-runners, and that White & Case and Latham & Watkins were involved as well. White & Case did not reply to an inquiry on the matter. 

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