Dom.RF Bank Set for Late November IPO, Aims to Raise 15-30 Billion Rubles
Dom.RF Bank is set to make its debut on the public market in late November 2025, with an Initial Public Offering (IPO) expected in the third week of the month. The bank aims to raise between 15 to 30 billion rubles by floating 10% of its equity. Before the IPO, the bank plans to pay dividends amounting to 50% of its net profit.
The IPO follows the release of Dom.RF's IFRS financial report for the first nine months of 2025. The bank's listing will be subject to a regulatory act for labeling securities, which is currently under review by the Justice Ministry, awaiting approval from the Central Bank of Russia.
A new regulatory change allows for a quasi-substitute for information disclosure. This involves obtaining ratings from two credit rating agencies. However, due to potential restrictions, only state-controlled or sanctioned Russian agencies, or newly authorized domestic entities, may qualify. These agencies must comply with the new Russian regulation and have access to alternative data or government information channels.
Dom.RF Bank's IPO is a significant step in its growth, aiming to raise substantial funds while providing shareholders with a dividend payout. The regulatory changes surrounding credit rating agencies may impact the IPO process, with only compliant Russian entities able to provide ratings.
