Delimobil Crashing Service has yet refused to go to the stock exchange and moved an IPO for 2022 due to low demand for securities. This cause is canceled by Forbes.
Referring to three sources, the publication notes that the company did not have time to close the book of applications. One of the interlocutors Forbes said that the company faced poor demand during the collection of applications from potential participants of the IPO within the framework of the announced price corridor of $ 10-12.
Another source indicated that Terminal Value (the cost of all future cash flows) by 80 percent consists of the fact that “Delimobil” can earn in the future, but not the fact that it will happen.
In general, the business model of the service causes investors questions against the background of state influence (the company depends on state regulation, since it receives subsidies to parking) and competition with Yandex, which can be the market leader. In addition, there is a problem with machines: the cost of cars is growing against the background of the semiconductor crisis and lack of chips. For its part, the representative of “Delimobil” said Forbes that the company reconcilized the book of applications and generally satisfied with the Pill of Investors.
The transfer of IPO “Delimobil” became known on November 4, the reason was then called market conditions. The price range of accommodation was announced within 10-12 dollars per share, so the company could earn on IPO 200-240 million dollars or 230-276 million in the event of an option.