FBK Audits Consolidated Financial Statements of IVA Following its IPO on 4 June

IVA Technologies became the first public company among Russian developers of corporate communications products and solutions listed on the Moscow Exchange.

According to the press office of IVA Technologies, IPO of ordinary shares on the Moscow Exchange reached top of the price range: the price per share (ticker IVAT) was RUB 300.
The offering comprised 11 million shares owned by the selling shareholders, which is equivalent to RUB 3.3 billion at the IPO price, including RUB 300 million worth of shares for potential stabilisation at secondary trading up to 30 days after the start of trading.
As a result of IPO at the above price per share, the Company's market capitalisation amounted to RUB 30 billion, while the free-float reached 11% of the Company's share capital.

Audit of the consolidated financial statements is one of FBK's key lines of business.

It should be noted that recent successful placement of securities by new issuers – FBK's clients – demonstrates significant strengthening of the firm's position in this segment. FBK audits financial statements of major companies from various economic sectors that have recently undergone IPO, namely Henderson Fashion Group (ticker HNFG), Diasoft (ticker DIAS), Microfinance Сompany Zaymer (ticker ZAYM), etc.


FBK was incorporated in 1990 and is one of the top six audit firms.
FBK holds top positions in ranking of audit and consulting firms and groups in terms of revenue from audits of banks and investment institutions.
In December 2022, FBK was one of the first firms to have been included in the Bank of Russia's register of audit firms rendering services to public interest entities in the financial market, which includes, among others, listed entities.