OREANDA-NEWS. July 21, 2011. A wide circle of investors will be able to participate in the IPO of Platform UTINET.RU thanks to the use of the “Placement: Auction” trading mode. This technology allows market participants and investors to apply for participation in an IPO on the maximally market terms. This trading can be used clients of all professional participants in the securities market using the software with the required functionality such as: MICEX Trade SE, QUIK, TRANSAQ etc.

The advantages of the selected pattern of placement are the flexibility and market nature of price formation for securities and the possibility for a wide circle of investors trading in the MICEX Group’s stock market to participate in the auction to determine the offer price of the shares. On the day of the auction, a client of any broker who has opened access to this trading mode can apply for participation in the placement by offering the price at which he is prepared to buy these securities.

Shares in Platform UTINET.RU, one of the major player in the Russian e-commerce market, will be placed on July 19. Common shares in Platform UTINET.RU will be traded in the Innovation and Growth Companies Sector (IGC) of the MICEX SE’s Market for Innovations and Investments. In the course of the IPO, current shareholders will place on the Exchange 10% (of the share capital of the Company, excluding the new issue) of shares in Platform UTINET.RU. The range of the offering price is 145–195 rubles per one share.