Provider of IT solutions and services Softline is preparing for an IPO on two exchanges at once, London and Moscow. VTB will be the placement organizer.

The company intends to raise $500 million, according to Forbes' sources. The company's representative did not confirm or deny the information about the possible placement of shares.

Softline's turnover grew to $1.8 billion, the company's results for the past financial year (ended in March 2021) show.

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Softline

In May it was reported that Softline is considering IPO as one of the measures for further global development. At the same time, Igor Borovikov, the founder and head of the Board of Directors of Softline, told about plans to hold an IPO in 2014.

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