MOSCOW—Russia’s Arifmetika Financial Solutions, which provides small loans to individuals, plans to start trading in Canada in early 2022 and aims to raise about $100 million in the next 12-18 months, the head of its parent company OR Group said.
The technical listing, which would allow the microfinance company to trade on the stock exchange without a prior public offer, would extend a wave of listings by Russian companies, provided geopolitics, notably tensions over Ukraine, does not thwart the plan.
