1 November 2021

IPO of GDRs of Softline Holding plc on LSE and MOEX

The company has placed over 53 million of global depositary receipts in the amount of USD 400 million. LECAP acted as Russian law legal advisor to Softline

On October 27, 2021, an international IT company Softline held an IPO on the London Stock Exchange in the form of an offer of GDRs representing ordinary shares of the company, with a secondary listing on the Moscow Exchange. Moscow Exchange included the securities in the Level 1 segment of its quotation list, and trading on the Moscow Exchange commenced on November 1, 2021.

LECAP acted as a legal advisor to Softline on Russian law. Our services included support for obtaining listing on the Moscow Stock Exchange, as well as assistance to Softline in structuring an offer and preparing contractual documentation for a transaction in the part affected by Russian law. LECAP project team included Michael Malinovsky, partner, Sergey Volkov, counsel, and Dmitry Lisov, associate.

During the IPO, the company raised about USD 400 million, which it plans to use for further organic and inorganic development.

Softline is a leading global IT solutions and services provider with a focus on digital transformation, cloud and cybersecurity.