LSR Group (russian: ОАО "Группа ЛСР") is a Russian

real estate development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. R ...

, construction and

building material Building material is material used for construction. Many naturally occurring substances, such as clay, rocks, sand, wood, and even twigs and leaves, have been used to construct buildings. Apart from naturally occurring materials, many man-mad ...

s company. LSR Group is one of the leaders in the real estate and building materials in

Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eigh ...

. The company headquarter is located in

St. Petersburg Saint Petersburg ( rus, links=no, Санкт-Петербург, a=Ru-Sankt Peterburg Leningrad Petrograd Piter.ogg, r=Sankt-Peterburg, p=ˈsankt pʲɪtʲɪrˈburk), formerly known as Petrograd (1914–1924) and later Leningrad (1924–1991), i ...

. In 2019, the total number of employees is about 11,000 people. As of 2008, the company embraced 24 subsidiaries.

History

The company was founded in 1993 by a Russian entrepreneur Andrey Molchanov. The company's name derives from LenStroyRekonstruktsiya. LSR Group is an open joint stock company, and is a 100% owner of its major subsidiaries and companies. In November 2007 the company offered 12.5% of its

share capital A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capit ...

for trading at the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pa ...

and

MICEX The Moscow Interbank Currency Exchange (russian: Московская межбанковская валютная биржа) or MICEX (russian: ММВБ) was a stock exchange that operated in Russia from 1992 to 2011. MICEX was the leading Russi ...

through

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

having raised US$772 million. After the offering, the company's market capitalization amounted to $6.8 billion. In April 2010 the company offered 10% of its

for trading at the

and

through SPO having raised US$398.1 million (including expenses for the offering). In 2021, the company left the London Stock Exchange because of its low

market liquidity In business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. Liquidity involves the trade-off between th ...

References

External links

LSR Group website
{{Moscow Exchange Index Construction and civil engineering companies of Russia Companies listed on the Moscow Exchange Companies based in Saint Petersburg Real estate companies of Russia Construction and civil engineering companies established in 1993 Russian companies established in 1993 Real estate companies established in 1993