Apri

History

2024: Exit to the Moscow Exchange

At the end of July 2024, the Ural developer Apri successfully placed its shares on the Moscow Exchange, completing the initial public offering (IPO) procedure. As part of the listing, the construction group raised ₽879,56 million, selling 90,675,890 shares at the upper end of the price range - ₽9,7 per share.

The market capitalization of APRI after the placement reached ₽10,82 billion, and the share of shares in free float (free-float) amounted to 8.13%. Dmitry Alexandrov, Managing Director of the Oriole Capital investment company, noted that the applications of private investors were fully satisfied. The company's securities are included in the "third level" section of the list of securities admitted to trading.

The Apri construction company, founded in 2014, is the largest developer in the Chelyabinsk region. At the time of placement, the company was ranked 53rd in the ranking of the largest developers in Russia in terms of housing commissioning. Apri's activities cover the Chelyabinsk and Sverdlovsk regions, the Southern Federal District and Russky Island in Vladivostok.

The developer's project portfolio includes 11 objects of various sizes. By July 2024, the company built 700 thousand square meters. m of housing, another 378 thousand square meters. m were in the process of construction. In the first half of 2024, Apri commissioned 50.8 thousand square meters. m of housing, which includes seven apartment buildings in two residential complexes of the Chelyabinsk region.

On July 3, 2024, the developer approved a dividend policy, according to which it plans to pay shareholders up to 50% of net profit under IFRS. The funds raised during the IPO will be used to further develop the company.

The placement of Apri shares was the eleventh IPO on the Russian stock market since the beginning of 2024.^[1]

Notes