Corporate Russia is watching Whoosh's listing closely as the company braves Russian economic isolation with Moscow's first IPO since the country sent troops into Ukraine.
While breathing life into a moribund market, Whoosh's debut also reflects the small volumes and dependency on retail investors which are likely to characterise stock market listings in a Russian market devoid of Western capital. Whoosh, whose yellow and orange scooters are a common sight around Moscow until snowfall forces a winter break, plans to use the funds to increase the size of its fleet and expand into new regions.
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