Russian company Steplife, a manufacturer of bionic prostheses, intends to raise 200 million rubles by the end of 2025 through a pre-IPO and bond placement. Over the next four years, the company plans to conduct an initial public offering (IPO) on the stock exchange.
The funds raised in the pre-IPO will be used to develop a new generation of bionic prostheses with an external power source, including arm prostheses at the forearm and shoulder levels. Potential investors include retail and institutional investors. Analysts estimate the company's value at 1.5–2 billion rubles, and in an optimistic scenario, up to 3 billion rubles.
Steplife, founded in 2019 in Moscow, has shown significant growth: revenue in 2024 increased by 112% to 240 million rubles, and net profit increased by 311% to 96 million rubles. The company leads among Russian medtech companies in terms of growth rates in 2024 and the first half of 2025, according to Smart Ranking.
The prosthesis market in Russia is growing by 23% annually and, according to Steplife's forecasts, will reach 157.2 billion rubles by 2029. The share of bionic prostheses by 2028 may reach 60% of the market in physical terms. However, experts note that for a successful IPO, the company will need to increase EBITDA to 2 billion rubles, which may be challenging due to the slowing market growth. To accelerate development, Steplife may conduct additional rounds of financing or mergers and acquisitions.
Read more materials on the topic:
Precise grip: PNIPU scientists have made their bionic hand prostheses more accurate
Metiz Company is improving bionic prostheses, offering users personalization and reliability
Now on home
The reason for indexation may be inflation, an increase in VAT, and rising production costs
The Ministry of Industry and Trade believes that the increase in the levy will not affect responsible manufacturers
Экипаж разогнал лайнер до 580 км/ч вместо крейсерских 450 км/ч
Ship equipment comes to Russia from China at inflated prices
Almaz-Antey and the Belarusian Ministry of Defense signed a contract for equipment maintenance
The complex's computing resources allow for the competent distribution of targets between launchers
Among the spacecraft are Aist-2T No. 1 and No. 2
Deputy Prime Minister Novak announced a postponement of the deadlines, but confirmed the commitment to developing the sector
Design engineers without experience are promised salaries from 80 thousand rubles
Hard and dense shot ensures the destruction of the target from the first hit, regardless of the drone's body material
Almost all body elements are zinc-treated
SOGAZ lost the case in court against UEC-UMPO