The Russian-Chinese B2B digital trading platform KIFA, a member of the RAUIE, officially announced its intention to conduct an IPO on the Moscow Exchange by the end of the summer. In this way, the company plans to raise 1.7 billion rubles. Analysts have already estimated the platform to be worth approximately 8.4 billion rubles.
"KIFA could become the first Chinese enterprise to successfully enter the Moscow Exchange, reflecting the recognition by interested parties of our unconditional successes and development prospects as the first issuer of Chinese origin on the Russian stock market," commented Gao Zi, head of the CCPIT and China Chamber of International Commerce.
The RAUIE Chairman Vitaly Mankevich added: "KIFA is a unique project in many ways, and they continue to be pioneers in various fields. The IPO will allow the company to implement an investment program and expand their business. Together, we can achieve new records in trade between Russia and China - not only in terms of quantity, but also in quality, making conditions more transparent for entrepreneurs and consumers."
Deputy Chairman of the KIFA Board of Directors, Kyle Shostak, noted that the company will be targeting a wide range of investors.
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