Dom.RF plans to hold an initial public offering in 2025

“Now, in order to further develop the company and maintain growth rates, we are considering the opportunity to enter the capital markets and do not exclude the possibility of holding an initial public offering, say, next year,” Fedorko said.

Deputy Finance Minister Alexey Moiseev confirmed Dom.RF’s plans, calling the possible placement “a milestone for the Russian financial market” as the company “obtains excellent ROE” and pays “good dividends.”

At the same time, the state corporation will have to change its status from JSC to PJSC, as well as change ownership, Moiseev said: “It is now enshrined in our legislation that the state is 100% owner. That is, we will have to change this fact, and change it in such a way that it does not compromise the status of a publicly supported organization.”

The Deputy Minister of Finance did not name the potential volume of the IPO, but recalled cases of other placements of state companies: “Let’s look at previous examples. In previous years, when we sold Sovcomflot on the stock exchange, 17% of the shares were sold. But [в случае с “Дом.РФ”] we will sell more. They typically sell 25 minus 1 share or 50 minus 1 share. <…> But there is no objective of selling at any price: no one will sell under conditions unfavorable to the State.”

In April, Finance Minister Anton Siluanov stated in an interview with Interfax that he considers the option of privatizing Dom.RF through an initial public offering realistic.

In 2023, the state corporation’s net profit amounted to 47 billion rubles and its assets exceeded 4 trillion rubles, according to Dom.RF’s financial report.