Mutko told Putin about the intention of "Dom.Russia" to raise up to 30 billion for IPO 

With a responsible dividend policy, the shares of Dom.The Russian Federation" will be attractive to investors. Vladimir Putin stated this on October 20 at a meeting with the CEO of Dom.Russian Federation" by Vitaly Mutko. Over the past 18 years, this is the first financial market company after Sberbank to launch an IPO: the state corporation plans to raise 15-30 billion rubles by placing 10% of shares. Other topics include the pace of housing construction and mortgage loans.

What was discussed at the meeting

Vitaly Mutko spoke about the preparations for the release of the company "Dom.RF" for an IPO — an initial public offering — with the retention of the state's share of at least 50% plus one share. Over the past 18 years, it has been the first financial market company after Sberbank to launch an IPO. The state corporation plans to raise 15-30 billion rubles by placing 10% of shares. According to Mutko, preparations for the deal are already in the final stages. "We have resolved all organizational issues together with the Central Bank, the Moscow Stock Exchange, and the government, prepared, changed the charter, and registered the share prospectus with the Central Bank," he said.

The company plans to use the raised funds for project financing. In particular, for the construction of 1 million square meters. m of housing for 15 thousand families. About 50 billion rubles will also be invested in the development of the infrastructure of the constituent entities of the Russian Federation. According to Mutko's estimates, a company with a dividend yield per share of 11-12% expects a lot of interest from investors. "I think so. If you pursue a responsible dividend policy, then, of course, it will be an attractive investment," Putin said and wished the CEO of Dom.RF" good luck with bringing the state corporation to an IPO.

Mutko thanked the head of state for the decision to transfer the construction industry to project financing, as these measures ensured its dynamic development. Vladimir Putin also called it the right decision. Vitaly Mutko estimates that about 119 million square meters are currently under construction in Russia. They say project financing has been opened for 21 trillion rubles. "This mechanism balances housing construction very well. Therefore, of course, I believe that this is a fundamental reform," Mutko said.

By 2030, in the Russian Federation, using the mechanisms of "Dom.RF" 100 million square meters will be commissioned. m is 10% of the total planned volume of housing construction in the country, Vitaly Mutko said. Total "House.The Russian Federation" has involved in the turnover of about 35 thousand hectares of land with urban development potential in the area of 35 million square meters. m. In addition, about 4 million Russian families have received support measures under preferential mortgage programs, said the CEO of Dom.RF.

Vladimir Putin drew attention to the data from Dom.Russian Federation" to reduce mortgage volumes by 20% in 2025. Vitaly Mutko explained this by forecasts in the structure of housing purchases: previously, only mortgage money was invested in the purchase — 80-90%, but now the structure has changed, "now 65% buy with a mortgage, and in previous years 80%."