VK is going to bring its VK Tech technology structure to the stock exchange

December 9th. /MEDIA TALK/. VK Group is planning an initial public offering of shares of its VK Tech structure on the Moscow Stock Exchange. As noted in the company's release, the decision will be made taking into account the current market situation. VK Tech specializes in developing its own IT solutions for businesses. Including various cloud services, recruitment and personnel management solutions, and financial services.


Photo: ru.freepik.com

The turnover of the VK Tech division from January to September 2024 increased by 60.1% year-on-year and amounted to 7.7 billion rubles. Expenses for the same period increased to 6.2 billion rubles by 21.7%, primarily due to spending on developers' salaries.

We recently told you that VK holding increased revenue by 21% in the first 9 months of 2024.