Softline Holding Ltd., an IT services and cybersecurity provider founded by Russian businessman Igor Borovikov, set a price range for its initial public offering in London and Moscow that values the company at as much as $1.93 billion.
That’s the top end of the $7.50 to $10.50 per share range proposed to investors, the company said in a statement on Monday. The bookbuilding process is expected to be completed around Oct. 26 with the final price announced the following day.