An IPO is the sale of equity in a company, generally in the form of shares of common stock, through an investment-banking firm. These shares subsequently trade on a recognised stock market. Established companies, like Klintsy, must demonstrate growth potential. First, an IPO has to be approved.
Klintsy has been producing truck-mounted cranes since 1962. In total, over 41,000 cranes have been made, according to the company’s web site. Now, the company produces 12 crane models with lifting capacities ranging from 15 to 25t.
