For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

It's not exactly a victory parade on Red Square, but on Monday an electric scooter company announced it's considering listing on the Moscow Exchange, which would make it the country's first initial public offering since President Vladimir Putin launched his invasion of Ukraine in February.

Whoosh, Russia's largest e-scooter rideshare company, is looking to get on the exchange in time to capitalize on a market that it projects to be worth nearly $1.6 billion by 2026. Whoosh is looking to raise $165 million to build its fleet and expand across Russia, Reuters reported.

Continue reading

Source Fool.com