MOSCOW (Reuters) - Russian cybersecurity firm Positive Technologies is pressing ahead with plans for an initial public offering (IPO) next year, despite the imposition of U.S. sanctions in April that ban it from working with U.S. financial institutions.
The U.S. Treasury in April blacklisted Positive Technologies and other IT firms for supporting Russian intelligence services, which the company described as "groundless accusations", while Chief Operating Officer Maxim Pustovoy said the blacklisting was based on "a misunderstanding and a mistake".