Arsen Tomsky announced plans for inDrive's IPO in the US

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inDrive founder Arsen Tomskiy announced the company's plans to go public in the US to raise investments and drive growth. Annual fundraising of $2–3 million is complicated by the company's valuation being halved, leading to long-term losses. Going public on the New York Stock Exchange is strategically justified: the company is positioned as Kazakh-American, while the founder retains primary control due to his decision to avoid external investments in the early stages.

Arsen Tomsky, founder of the international ride-hailing service inDrive, announced the company's plans to go public via an IPO in the United States. This step is necessary to attract significant investments and drive further growth of the company.

Annual fundraising of $2–3 million is complicated by the fact that the company's valuation is often halved, leading to substantial losses in the long term. Going public on the New York stock exchange will be a strategically justified decision for inDrive.

inDrive will position itself as a Kazakh-American company, as it is legally registered in the United States. However, primary control remains with Tomsky, which became possible due to the decision to avoid external investments in the early stages.

Source: forbes

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Arsen Tomsky announced plans for inDrive's IPO in the US

The Tech AI

The Tech on Telegram Follow The Tech on Telegram

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