Developer Samolet will hold an IPO before the end of 2020

One of the largest developers in Moscow and the region, Samolet, plans to hold an IPO on the Moscow Exchange by the end of 2020 - the group will place 5% of its securities, . the company said Until now, its shares have not been in free circulation.

Shares for placement (5.1%) will be sold by shareholders: 1% - a minority shareholder of Russian Aquaculture Mikhail Kenin, 0.5% - the former CEO of the group Igor Evtushevsky and 3.6% - Pavel Golubkov's company. It is planned that Golubkov will return part of the proceeds (money from the sale of 2.5% of shares) to the company by buying back shares of the additional issue of Samolet. The placement amount was not specified, but experts estimated it at 3 billion rubles.

The funds received from the IPO will be used "to purchase new sites and finance the start of construction of projects already included in the portfolio." In the future, the company plans to increase the share of shares in free float to 30-40%.

• Samolet is one of the largest developers in the Moscow region, the company emphasizes that it has the largest land bank (15 million square meters of realizable area). According to Cushman & Wakefield (given by the company itself), the value of the group's assets at the end of June is 200 billion rubles.

• One of the companies of the Samolet group - the Airplane Two Capitals company - is controlled by the brother of the governor of the Moscow Region Andrei Vorobyov, Maxim Vorobyov. For example, in 2018, the company announced that near the village of Alkhimovo in New Moscow, Plane Two Capitals plans to build a residential complex with an area of ​​44.6 hectares for 14.5 billion rubles.

• Public developers in Russia are a minority. The largest are PIK Group, Etalon Group, LSR and Hals-Development.