One year since MMK IPO

MMK managed to raise $1 bln through IPO to realize its investment projects. The offering allowed to obtain market valuation of MMK as well as to establish the company as a public company in the international market.

Commenting on the results of the IPO one year ago, MK Chairman Victor Rashnikov noted: "MMK IPO is a landmark of a new chapter in the company’s history. MMK holds a strong position in the Russian and international markets, and we intend to further develop our company".

The year after IPO became a year of quality growth for MMK. The company saw record production level for its 75 years history. It undertook large-scale projects to modernize and build new production facilities, both at MMK and outside the site. MMK made serious moves to secure raw-material sufficiency. Corporate governance also underwent serious changes, including increased presence of independent directors at MMK Board. MMK shares were included into calculation base for MICEX and MSCI Russia indices.

Positive dynamics, improving key performance indicators and ambitious plans serve as basis for further growth of the company.