The Russian-Chinese platform Kifa has confirmed plans to hold an IPO on the Moscow Stock Exchange in 2024

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The Russian-Chinese B2B platform &Cifa» has confirmed plans to hold an IPO on the Moscow Stock Exchange in 2024. This is reported by the publication « Forbes ».

The founder of the company &Kifa»Sun Tianshu in an interview with the publication said that the platform is monitoring the boom in IPO placements on the Moscow Stock Exchange, but takes into account the risks to which the Russian market is exposed the market.

Recall that in April it was reported that &Kifa» could attract up to 2 billion rubles in the course of the IPO at auction. According to Sun Tianshu, the Russian market is seriously suffering from geopolitical pressure, reacts to news on sanctions and is periodically feverish, but the company has not yet abandoned its plans.