Shares of kikshering Whoosh rebounded after Friday’s 15% drop. Quotes of the company rose by 12.9% and at a maximum of 175 rubles per paper, according to the data of the Moscow Exchange on Monday, December 19. Nevertheless, the value of Whoosh shares remained 5.4% below the IPO price.

By 13:20 MSC growth slowed to 10.06% and shares were trading at 170.6 rubles per paper.

On Friday, on the third day of trading on the Moscow Exchange, shares of Whoosh electric scooter rental service collapsed by more than 25%.

Trading in Whoosh shares on the Moscow Exchange began on December 14. The Whoosh offering was the first IPO on the Russian market this year.

Whoosh conducted an initial public offering on the Moscow Exchange at the lower boundary of the price range – 185 rubles per paper, which corresponds to a market capitalization of 20.6 billion rubles. The initial range was 185-225 rubles per share. The amount of funds raised during the IPO was RUB 2.1 bln.