The housing booking service Sutochno.ru plans to hold an IPO in 2025, which will give “an additional impetus to the business.” About this RBC reported founder and general director of the company Yuri Kuznetsov.
Housing booking service Sutochno.ru plans an IPO in 2025
Author: Bogdan Muzychenko
“This is a logical step for any fast-growing technology company. Sutochno.ru is completely ready to enter the stock exchange in terms of established internal processes, operational and corporate management. But we are carefully looking at the market – favorable conditions should emerge on the stock market,” Kuznetsov said.
He noted that the IPO will provide “additional impetus to the business” and will help the company implement “best management practices” and “strategic decision making.” “In addition, liquid shares are an opportunity to motivate key employees, strengthen the company’s brand and reputation. This is important in our market,” added Kuznetsov.
In October 2024, the pre-IPO funds of the VIM Investments company received 16.03% in the capital of Sutochno.ru, the remaining 83.97% belonged to Kuznetsov. Currently, information about the company’s shareholders is hidden, should from the Unified State Register of Legal Entities.
The founder of the housing booking service did not disclose the amount of the transaction with VIM Investments. A Forbes source on the TravelTech market estimated it at 1.5–2 billion rubles. Kuznetsov noted that VIM Investments were attracted to the company as a financial investor who participates “in the formation of best corporate governance practices through participation in the board of directors.”
Sutochno.ru was founded in 2011 in Ulyanovsk. On the service website indicatedthat it allows you to book accommodation for tourist and business trips in all regions of Russia, as well as in other countries, including Belarus, Kazakhstan, Georgia and Armenia.
According to SPARK-Interfax, in 2023, the revenue of Sutochno.ru JSC (the main legal entity of the service) amounted to 3.12 billion rubles, which is 1.8 times more than in 2022 (1.71 billion rubles). The company’s net profit in 2023 increased fivefold, to 464.4 million rubles, compared to 87.2 million rubles last year.
Cover photo: Lucky Business /
Source: rb.ru
