On Wednesday, a Russian edition “Kommersant” reported that the Goldman Group owned by Mr. Goldman was going to hold an IPO and take the company public.
Mr. Goldman has not yet announced who will organize placement of stocks, but said that the IPO was planned for the end of the current year or the beginning of the next year. At the moment, the company is carrying out internal optimization and structuring. 20% of the shares will be placed on the stock exchange.
The owner of the Goldman Group also said that initial negotiations with the Moscow Exchange had already been held. For now, we have no comments from the exchange, which prefers to wait for the official announcement.
The approximate cost of the IPO is not called. But sources of “Kommersant” say that the company is counting on the sum of 2-5 billion rubles. So, we can conclude that the entire holding is estimated at 10-25 billion rubles.
According to the company, it owns 16 thousand hectares of land, a pig-breeding enterprise for 12 thousand heads, as well as a meat processing complex producing almost 23 tons of products per shift. In addition, the Goldman Group owns a chain of butcher shops.
Last year, the company’s revenue amounted to 4.17 billion rubles, while profits totaled 306 million rubles.
The owner of the holding also said that the purpose of the IPO was to raise funds, without the need to increase the credit burden. They didn’t disclose additional information, but at the end of last year, the company’s total debt amounted to 1.65 billion rubles.
The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade