Russian Finance Ministry sees strong demand in preparation for DOM.RF IPO, does not rule out increasing offering size

CHOLPON-ATA. Aug 14 (Interfax) - The Finance Ministry already sees strong demand in preparation for the planned autumn IPO of state corporation DOM.RF, and does not rule out that the offering size may be increased compared to previously announced plans.

"We actually see good demand, the preparation is going well so far, I'm honestly satisfied. The organizing banks have done very good work. In fact, we'll see what the demand will be and consider whether maybe the price could be higher or the volume larger. For now I see that within the parameters we announced, we will definitely place [the shares]. And perhaps we could even add something there," Deputy Finance Minister Alexei Moiseyev told journalists during the visit of a Russian delegation headed by Prime Minister Mikhail Mishustin to Kyrgyzstan.

"But this will of course depend on the specific situation," he said.

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

DOM.RF CEO Vitaly Mutko told Interfax in June that among the offering's organizers are VTB and T-Bank , and he expects that foreign investors will also participate in the IPO.

DOM.RF is a financial development institution in the housing sector, established in 1997 under the name Agency for Housing Mortgage Lending by a government decree to facilitate the implementation of state housing policy.