DOM.RF To Conduct A November IPO On The Moscow Stock Exchange

PJSC DOM.RF has announced plans for an IPO on the Moscow Exchange, with the planning to obtain a listing and start trading its shares on the Moscow Exchange this month. The shares are expected to be included in the first-tier list.

DOM RF are a Russian state-owned financial services and property management company involved in all property industry participants, from homebuyers to property developers and financial institutions. Their stated mission is to make mortgages more affordable, rent more amenable, and the property surroundings better planned and more comfortable.

It is a Triple A rated stock, with DOM RF possessing a reported ₽5.5 trillion (US$67.85 billion) of assets as of April 2025. Investors will be offered exclusively shares issued as part of an additional issue through an open subscription. All funds raised during the offering will be directed towards implementing the DOM RF strategy for further growth and business development, it said.

The Russian state, as the existing shareholder of DOM.RF, does not intend to sell its shares as part of the offering, retaining a majority stake in the capital after the IPO.

The number of shares to be placed as part of the IPO will be determined based on the results of the book-building process. The maximum size of the additional DOM.RF issue registered with the Central Bank of Russia is 28,549,883 shares with a nominal value of 1,400 rubles. The current charter capital of the state-owned company is divided into 161,782,668 shares. Assuming the full placement of the additional issue, its share in the increased charter capital will be 15%.

The placement will be available to qualified and non-qualified Russian retail investors (individuals), as well as to Russian institutional investors. Applications to purchase shares can be submitted through brokers.

A stabilization mechanism will be structured as part of the IPO, which will be in effect for 30 days after the start of trading in DOM. RF shares on the Moscow Exchange.

DOM.RF previously announced plans to raise ₽15 billion to ₽30 billion rubles from the IPO by placing around 10% of its shares. It is expected that new shareholders would include large investment and pension funds as well as retail investors.

IPOs in Russia have been hot the past two years with many offerings significantly oversubscribed.