DOM.RF receives public company status in run-up to its IPO

MOSCOW. Sept 3 (Interfax) - The state corporation DOM.RF has received the status of a public company in the run-up to its IPO.

The corresponding changes have been made in the Unified State Register of Legal Entities. The company changed its legal form from a joint-stock company (JSC) to a public joint-stock company (PJSC) on September 2.

As reported, the IPO of DOM.RF is planned for the end of 2025. Representatives of the Finance Ministry previously said that the first stage involves placing up to 5% of the state corporation's shares, which will allow it to raise up to 15 billion rubles.

DOM.RF plans to increase its charter capital by 39.9 billion rubles by placing 28.5 million ordinary shares with a par value of 1,400 rubles per share via an open subscription. The placement price and the procedure for its determination will be established by the supervisory board no later than the date of the start of the share placement.

In June, DOM.RF CEO Vitaly Mutko told Interfax that VTB and T-Bank are among the organizers of the placement, and he expects that foreign investors will also participate in the IPO.

DOM.RF is a financial development institution in the housing sector; it was created in 1997 under the name Agency for Housing Mortgage Lending by a government decree to facilitate the implementation of state housing policy. The net profit of DOM.RF to International Financial Reporting Standards (IFRS) in H1 2025 amounted to 39.1 billion rubles, up 15% compared to the result for the same period last year.