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GLONASS goes IPO

The company Russian Navigation Technologies, which manufactures receivers with GLONASS transmitters for vehicles, is going to go public, RBC daily reports citing a source in the company's management.

According to experts, the company’s IPO should be successful, and indeed the entire GLONASS sector has good prospects: “Everything that is somehow connected to GLONASS is actively supported at the state level. Therefore, investment funds will be strongly interested in diversifying portfolios through participation in such a project, ”says Finam analyst Tatyana Menkova.

According to available information, the shares will be placed on the MICEX in the sector of innovative and growing companies (IGC). Up to 20% of Russian Navigation Technologies is preparing for placement. Now the company has a miserable turnover: about 200 million rubles, and the release of such a small startup on the stock exchange is considered a unique case.

Well, Russian patriots will now have the opportunity to support their favorite technology with a ruble, and not just with words.

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Source: https://habr.com/ru/post/89984/


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