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company management

Poste, the state offers 15% for sale: buy shares digitally (using the Postapay app)
Tech Optimizer
September 25, 2024

Poste, the state offers 15% for sale: buy shares digitally (using the Postapay app)

Poste Italiane is set to launch its first digital public sales offer, selling a second tranche of shares that represent 15% of the company's capital. This initiative, in collaboration with the Ministry of Economy, is the first privatization since July 2016 to include small savers and the first digital IPO of a public entity. The operation is valued at approximately €2.5 billion, with proceeds directed to the state. The IPO is expected to launch on October 14 or 21, with a sales phase lasting a minimum of three days. The sales process should conclude about ten days before the approval of the nine-month accounts on November 6.
Xsolla boss Agapitov accused of transferring over $100m from company to personal accounts
AppWizard
August 29, 2024

Xsolla boss Agapitov accused of transferring over $100m from company to personal accounts

Aleksandr “Shurick” Agapitov, founder of Xsolla, is alleged to have transferred over million from the company to his personal accounts between March 2021 and March 2023, with approximately million moved in 2023 alone. He returned around million, but some transfers back to Xsolla were as high as million at a time. Xsolla's president, David Stelzer, stated the company operates responsibly and complies with laws, while former employees raised concerns about Agapitov's financial practices, leading to dismissals related to questioning discrepancies in the accounts.
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