Delimobil, hit and run (with Renzi) on Wall Street

5 November 20212 years ago babelfish

Delimobil, a Russian car sharing company (but founded by an Italian, with Renzi on the board of directors), will no longer proceed with the trumpeted listing on the New York Stock Exchange. Here are reasons, goals and numbers

The Russian car sharing company Delimobil, founded by the Neapolitan entrepreneur Vincenzo Trani, said today that it will not proceed with its public offering in the United States due to unspecified "market conditions".

THE OBJECTIVES OF DELIMOBIL

Already in 2019 Delimobil – the largest operator in the Moscow car sharing market – had announced its intention to go public on the New York Stock Exchange. Last month, the company said it was aiming to raise at least $ 240 million through the transaction, for an overall valuation of over $ 900 million .

AND NOW?

According to the Russian agency Interfax , Delimobil could resume listing in New York at the beginning of 2022.

THE ROLE OF MATTEO RENZI IN THE BOARD

Since last August the senator and ex-Prime Minister Matteo Renzi has joined the board of directors of Delimobil: it is not clear how much his remuneration amounts to, but the entire board receives the equivalent of one million euros in total.

In addition to Renzi, the other Italian on the board of the company is Vittorio Volpi, chairman of the supervisory board of Mikro Kapital (financial company of the founder of Delimobil, Trani) and former consultant for Mediobanca.

THE NUMBERS OF DELIMOBIL

In the first half of 2021, Delimobil's revenues amounted to 4.9 billion rubles (70.6 million euros), compared to 2.2 billion in the same period of the previous year.

THE PROPERTY

Delimobil is active in Russia, but its registered office is in Luxembourg.

The Russian bank VTB – one of the largest in the country, with a state majority – bought a 13.4 percent stake in Delimobil in July. Mikro Kapital owns a share of approximately 77 percent.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/delimobil-ritiro-quotazione-borsa-new-york/ on Fri, 05 Nov 2021 11:28:39 +0000.