Levenhuk Innovation Company Presents IPO Plans at Moscow Exchange
OREANDA-NEWS. November 6, 2012. Levenhuk OJSC, a manufacturer and distributor of LevenhukTM optical instruments (microscopes, telescopes and binoculars), gave a business presentation at the Moscow Exchange.
The presentation included details about the company"s upcoming IPO on the Moscow Exchange Innovation and Investment Market (IIM). The issuer signaled its intent to go public by the end of 2012 as part of its development strategy and investment program through 2016.
Levenhuk CEO Anton Epifanov reported on the company"s main financial indicators and prospects for growth.
Andrey Gusev, a representative of Skyinvest securities LLC, evaluated Levenhuk"s investment potential using several methods of analytical evaluation. The analysis showed that the issuer"s business is developing strongly and that its optical instrument manufacturing sector has the best outlook for growth.
“This event is an opportunity to introduce the company to the market, showcase our recent results, demonstrate our growth potential and announce our plans for market expansion,” Epifanov said.
Gennady Margolit, Director of the Innovation and Investment Market at the Moscow Exchange, said, “The event is an important stage in Levenhuk"s development…It is a fact that public stock market investors are interested in such prospective companies and transparent businesses. I hope that Levenhuk will be valued highly and will become a model business in the innovation sector.”
Levenhuk OJSC (http://www.levenhuk.ru) is the largest distributor and manufacturer of LevenhukTM optical instruments (microscopes, telescopes and binoculars) on the Russian/CIS markets, with the headquarters in Saint Petersburg and three offices in Moscow, Kiev and Prague. It is the only educational content provider and manufacturer of optical instruments and parts for backyard astronomy and amateur microscopy in Russia and a unique company producing brightly colored microscopes and telescopes. Levenhuk OJSC is a retail business with the turnover more than RUB230 billion per year (as for 2011). It manages a chain of 47 shops (“Four Eyes”) located in 33 Russian cities and employing 70 people.
Skyinvest Securities LLC (http://www.gopublicnow.ru) offers stock raising services on the securities market. One of its priorities is supporting local startups going public within IIM. In 2011, Skyinvest Securities LLC was recognized as the IIM Best Listing Agent of the Year.
Moscow Exchange Innovation and Investment Market (IIM) is a sector for high technology companies, created together with ROSNANO. At the moment securities of 28 issuers including 8 venture funds with a total capitalization of RUB342.8 billion are traded in the sector.
The Innovation and Investment Market consists of three major segments for companies at different maturity and capitalization levels, as well as for different investor groups:
Innovation and Investment Market (IIM): A sector where innovative companies may issue IPOs/SPOs or launch secondary circulation of securities under any MICEX trading rules.
IIM-2 sector: Sets rules for private placements using stock market technology and listings. Secondary circulation is aimed at qualified investors and based on the trading technology intended for trading of large blocks of shares (under the Rules for Negotiated Transactions).
IIM-Board: A web information sector aimed at creating mechanisms of attracting investments by young innovative companies at their early stages of development.
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