Corporate Restructuring and IPO of PAO Diasoft
2024
Corporate Governance and M&A
Key Aspects
PAO Diasoft, a leading software developer for the financial sector and other industries, was in the process of preparing for an IPO. As part of the project, the company transitioned to a “single share” structure and carried out a share swap in order to consolidate the subsidiary, which required work with the Bank of Russia. Before the IPO, it was necessary to redeem the company’s treasury shares and ensure legal support for the additional share issuance by way of closed subscription — extremely tight deadlines were set for all of this.
The prospectus was registered in parallel with the completion of the closed subscription for the transition to a “single share”
LECAP provided full legal support for both the corporate restructuring of PAO Diasoft and the company’s subsequent IPO on the Moscow Exchange
For the company, the transaction was a debut in the capital markets, which required the prompt establishment of management and control bodies in the PAO, including interim ones (for example, a top management committee instead of a Management Board), the implementation of disclosure and insider-trading control procedures, and the development of the necessary internal policies and regulations.
Key product modules used in implementing the project
All products
