Shares in Russia’s second-largest bank hit record low as Wildberries-linked offering price holds steady
VTB said the fixed sale price could dilute existing shareholders by about one-third as it seeks 300 billion-400 billion rubles for the Wildberries deal.
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10 Articles
Shares in Russia’s second-largest bank hit record low as Wildberries-linked offering price holds steady
Shares in Russia’s second-largest bank VTB fell to an all-time intraday low of just under 50 rubles ($0.60) on 26 August, RBC’s exchange data showed. That was more than 40% below the 87-ruble (about $1) price set for a share sale partly intended to finance its Wildberries partnership. At that price, offering participants would pay about 75% more than investors buying the same shares on the stock market. In the second quarter, the bank set aside …
On August 26, the WTB stock fell below the nominal value (50 rubles) for the first time. 3 per cent in the day, 11 per cent in the beginning of August, since the beginning of the year.
VTB shares fall to historic low after Wildberries and Ozon hitsVTB shares fell to 49.86 rubles, losing 45% since the beginning of 2026. The bank faced losses in marketplaces and a deterioration in its performance.
The bank is now worth a third of toy manufacturer Labubu. Shares of Russian state-owned bank VTB have fallen to a historic low, falling below par value for the first time – 49.86 rubles per share. The reason was the Ukrainian drone strikes on the Wildberries and Ozon marketplaces, with which the bank is closely linked. This was reported by RBC-Ukraine, citing The Moscow Times. Shares of Russia's second-largest bank by assets fell by 3% on Wednes…
Russian E-Commerce Giants Face Massive Financial Damage from Hub Attacks
Drone attacks on major Russian logistics hubs have caused substantial financial losses for the e-commerce sector, specifically affecting marketplaces Wildberries and Ozon. Data Insight analysts estimate the total damage in the hundreds of billions of rubles, encompassing both destroyed inventory and infrastructure recovery costs. The impact on Ozon is measured in nine-figure sums. According to Data Insight analyst Sergey Semko, the value of lost…
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