Shares of OJSC Dalenergomash, one of Russia's leading power engineering companies, begin trading on the Moscow Exchange"s Innovation and Investment Market (iIM) today.
The parameters in the Exchange"s trading system are as follows:
Short name: Energomash;
State share registration number: 1-01-31763-F;
Ticker: DALM
The company"s market cap is RUB519,3 mln. Moscow Partners was the listing agent and lead manager for the placement. The funds raised are expected to be used to modernize the company's production facilities and to launch innovative new engineering products.
OJSC Dalenergomash is the 27th share issuer, of the iIM, and the first company on the market from Russia's Far Eastern Federal District.
"Dalenergomash going public is evidence of the iIM's importance in attracting investment in domestic hi-tech heavy industry companies", said iIM Executive Director Gennady Margolit.