Sovcombank Announces Moscow IPO to Raise About 10 Billion Rubles

Sovcombank has announced plans to stage an initial public offering on the Moscow Exchange, signaling a bold step in expanding its investor base and unlocking new capital channels. Applications for ordinary shares are set to open on December 1, with allocations to be determined and a target fundraising around 10 billion rubles. Trading is expected to commence soon after the offer window closes, marking a significant milestone as the bank opens its books to a broad array of investors. The move is coordinated by the bank’s investor relations team alongside leading Russian brokerage houses that will manage orders from a wide spectrum of market participants, including both individual and institutional investors. The message from Sovcombank underscores confidence in its growth strategy and its ability to attract diverse capital to support balance sheet growth and enhanced market standing.