The group has issued 885,300 shares with an additional overallotment option and associated offering 403,400 shares, and a secondary public offering of 1,804,200 shares, at a price of ¥1,000 per share
The company has a staff strength of 1,400 people in Russia
After the deal concludes, Forbes will list on the New York Stock Exchange under 'FRBS'
The first stockbroking firm to partner with IPL, the platform aims to drive equity investment culture in the country with the campaign