Sovcombank is preparing to launch its first public offering of ordinary shares by listing on the Moscow Stock Exchange, according to the bank’s press service. The IPO marks a significant milestone in the lender’s growth trajectory and reflects confidence in its future expansion plans across the Russian financial landscape.
The indicative price range for the offering has been set at 10.50 to 11.50 rubles per share. This span implies a market capitalization for Sovcombank between 200 billion and 219 billion rubles, highlighting the scale of the bank’s current market position and potential investor appetite for its stock.
The final public offering price and the total number of shares to be issued will be determined by the decision of the Bank’s supervisory board after the end of the application collection period, ensuring alignment with corporate governance standards and market conditions at the time of pricing.
Over more than two decades, Sovcombank has evolved from a regional institution with a single branch into a sizable and dynamic financial group. The planned IPO is framed as a natural step in this development, aimed at enhancing employee motivation and enabling future mergers and acquisitions that could further strengthen the bank’s competitive edge. The board envisions the listing as a path to broader strategic opportunities, including potential partnerships and capital deployment across its growing platform.
The offering will consist of an additional issue of shares, with all proceeds earmarked to support ongoing business development. This capital raise is expected to empower the bank to invest in technology, people, and infrastructure that underpin its growth ambitions and market reach.
As part of the plan, the bank’s management noted an objective to raise approximately 10 billion rubles through the IPO, underscoring the scale of capital the group intends to mobilize to accelerate its strategic initiatives and regional expansion efforts.