Today, DOM.RF, one of the largest Russian financial groups, possessing the status of a single development institution in the housing sector, announced the successful completion of its IPO and the commencement of trading in common shares. The placement was conducted at the upper limit of the price range.
LECAP lawyers supported the project from start to finish, including the preparation of issuance documentation, legal documentation (lock-up deeds, broker agreements, and others), assistance with KYC procedures and disclosure procedures, preparation of internal regulations and rules to meet listing criteria, as well as the preparation of a long-term incentive program for employees.
The preparation for the placement took into account the characteristics of the issuer as a non-financial credit institution, a strategic organization, and a state-owned company. The company received over 40 applications from institutional investors, as well as more than 50,000 applications from retail investors. It is expected that due to its high investment attractiveness, DOM.RF will enter the top 20 Russian companies by market capitalization.
The funds raised during the IPO are planned to be directed towards implementing the company’s strategy for further growth and development. The IPO of DOM.RF is one of the few in the world and the first in Russian practice for a development institution. It is anticipated that the issuer's shares will become a new "blue chip," aided by the company's profile as a strategic organization with state participation, focused on increasing its market capitalization. We are very pleased to be part of such an important event for the Russian securities market.
LECAP lawyers supported the project from start to finish, including the preparation of issuance documentation, legal documentation (lock-up deeds, broker agreements, and others), assistance with KYC procedures and disclosure procedures, preparation of internal regulations and rules to meet listing criteria, as well as the preparation of a long-term incentive program for employees.
The preparation for the placement took into account the characteristics of the issuer as a non-financial credit institution, a strategic organization, and a state-owned company. The company received over 40 applications from institutional investors, as well as more than 50,000 applications from retail investors. It is expected that due to its high investment attractiveness, DOM.RF will enter the top 20 Russian companies by market capitalization.
The funds raised during the IPO are planned to be directed towards implementing the company’s strategy for further growth and development. The IPO of DOM.RF is one of the few in the world and the first in Russian practice for a development institution. It is anticipated that the issuer's shares will become a new "blue chip," aided by the company's profile as a strategic organization with state participation, focused on increasing its market capitalization. We are very pleased to be part of such an important event for the Russian securities market.