OREANDA-NEWS. April 6, 2011. Vital Development Corporation made a presentation for investors at the MICEX. The company’s management presented its medium-term business development strategy, and the organizers of the IPO announced the details of the upcoming initial public offering.

Common shares in Vital Development Corporation will be traded in the Market for Innovations and Investments (MII) of the MICEX Stock Exchange. In the framework of the IPO investors will be offered 12 million common shares making up 20% of the increased authorized capital of Vital Development Corporation.

The announced range of placement prices is 34–51 rubles per one share in the Company. According to Finam Investment Company, acting as the organizer of the public offering, the fair value of the stock of Vital Development Corporation floated on the Exchange is 45–57 rubles per share. Thus, the fair value of the Company’s equity amounts to 2.256 billion to 2.850 billion rubles.

The opening of the public book of orders was officially announced at the presentation. During the road show, which will run until April 12, the management of Vital Development Corporation will have a series of meetings with retail and institutional investors, including the use of modern means of communication. Clients of Finam and other investment companies will be able to enter orders for shares in the course of the IPO using digital signatures (for Finam’s clients), by entering an order in Quick trading platform or by giving a verbal order to the trader via the telephone. The first day of trading in shares in Vital Development Corporation is scheduled for April 19.

It should be noted that investors began to show their interest in the IPO of one of Russia’s leading manufacturers of reagents for laboratory diagnosis even before the official start of the road show. In particular, before the opening of the public book of orders, the organizer of the offering, Finam Investment Company, received over 100 orders totaling about USD 2 million.

“During the road show, we plan to hold a number of events intended to give investors detailed information about the business of Vital Development Corporation. We plan to use the funds raised in the course of the IPO to build a new plant in the Special Economic Zone Novoorlovskaya in St. Petersburg, improve our marketing and enhance the sales process. Increasing production volumes and stepping up efforts in traditional and new markets will enable us to significantly improve our financial performance in the foreseeable future, which will certainly reflect positively on the Company’s capitalization and the earnings of our shareholders”, said Alexander Plekhov, Executive Director of Vital Development Corporation.

“We are confident that the public offering of Vital Development Corporation will be successful. The Company has a highly professional management team, a sizeable portfolio of unique developments, its products have optimal price-quality tradeoff, and the status of special economic zone resident ensures strong state support and considerable financial preferences for the issuer. Furthermore, previous public offerings made in the MICEX Market for Innovations and Investments demonstrate investors’ interest in innovations”, said Vladislav Kochetkov, Finam’s Chairman and CEO.

“Each year the number of issuers floating their shares placed in the MICEX Market for Innovations and Investments grows rapidly. This means that innovations-oriented companies regard stock exchanges the most convenient and affordable way of raising capital for their development. On the other hand, considering stabilization in financial markets, investors are increasingly interested in assets that are not only highly reliable, but can also “go bang”. Given these trends, I am sure that this year alone a SERIES of other offerings of innovation companies will be made on the MICEX”, said Gennady Margolit, Vice-President of the MICEX.