Jul 27, 2024
Samolet Plus aims to raise 0.8 billion RUB in pre-IPO
Samolet Plus, a provider of housing solutions and part of the Samolet Group, plans to raise up to 825 million RUB in a pre-IPO process, according to Interfax. The IPO on the Moscow Stock Exchange is planned for the beginning of 2026. According to Samolet Plus forecasts, the company's share of the real estate market will be 35% in 2026 and its revenues will reach 32 billion RUB.
By the end of 2023, the Samolet Group itself will be the largest property developer in Russia following the acquisition of property developer MIC.
MAGENTA Legal advised the Samolet Group on certain corporate law issues in connection with the transaction with MIC and in relation to the EU and US sanctions regimes.