Russia’s largest electronic procurement platform B2B-RTS announced it will proceed with an IPO on the Moscow Exchange (MOEX), offering 11.5% of its share capital through a secondary sale by existing shareholders, including Sovcombank and other financial investors, according to RBC business portal.

As covered by bne IntelliNews, up to 20 Russian companies may carry out IPOs in 2026 with total proceeds of RUB50bn-100bn ($550mn-1.1bn), a five-fold increase in deal count as compared to 2025.

B2B-RTS will begin trading on April 17 on MOEX under the ticker B2BR, with a 30-day stabilisation option and a 180-day lock-up period for key stakeholders.

The company could become the first publicly listed electronic trading platform in Russia. The offering will be open to both retail and institutional investors, though analysts expect institutional demand to dominate. Management has indicated no major operational changes following the listing, according to RBC.

B2B-RTS operates a suite of digital procurement and trading services, including B2B-Center and RTS-Tender, with a client base heavily linked to state and corporate procurement. 

The business model is viewed as relatively resilient due to stable demand from public-sector clients by the analysts surveyed by RBC.

B2B-RTS posted moderate growth in 2025, with revenue rising 11% to RUB7.9bn and net profit up 6% to RUB3.7bn. EBITDA reached RUB4.9bn, while the firm maintains a net cash position and high dividend payout ratio, distributing 89% of profits last year.

The platform expects revenue to expand to RUB9.2bn in 2026 and up to RUB18–21bn by 2030, supported by continued digitalisation of procurement processes. The IPO is intended to enhance valuation and provide liquidity for existing shareholders rather than raise new capital.