DOM.RF selects VTB, T-Bank as IPO organizers

ST. PETERSBURG. June 20 (Interfax) - State corporation DOM.RF has chosen VTB and T-Bank to organize its initial public offering (IPO), the CEO of DOM.RF Vitaly Mutko told Interfax on the sidelines of the 2025 St. Petersburg International Economic Forum (SPIEF 2025).

"We are working with them as organizers and experts," he said.

The Russian authorities plan to conduct DOM.RF's initial public offering in H2 2025. The government proposes selling 1%-5% of the state corporation's shares at the first stage, which could raise around 15 billion rubles.

"We've already met with many [potential investors] and will continue meeting [with them], including foreign investors. A very big process and intensive work will now begin," he said when asked if the company had started its roadshow.

Mutko expects foreign investors to participate in the company's IPO.

"We would like that. We're a very interesting company in terms of social orientation, economic stability, development dynamics and consistent dividend payments," he said.

"We have a dividend policy established by government decree. The decree states that all state companies must pay 50%," he said.