LSR Group () 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 Real Estate, land and the sale of developed land or parce ...

, 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 and other structures, like bridges. Apart from natur ...

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 country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...

. The company headquarter is located in

St. Petersburg Saint Petersburg, formerly known as Petrograd and later Leningrad, is the second-largest city in Russia after Moscow. It is situated on the River Neva, at the head of the Gulf of Finland on the Baltic Sea. The city had a population of 5,601, ...

. 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 A public joint-stock company, abbreviated PJSC (, abbreviated ) or open joint-stock company, abbreviated OJSC (, abbreviated ), is a type of company in many successor states of the Soviet Union, particularly in Russia. Its distinguishing featur ...

, 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 ...

for trading at the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

and

MICEX The Moscow Interbank Currency Exchange () or MICEX () was a stock exchange that operated in Russia from 1992 to 2011. MICEX was the leading Russian stock exchange and one of the largest universal stock exchanges in Eastern Europe. It merged with ...

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 Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by ...

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 the ...

. In 2022, the company's revenue amounted to 13 billion rubles.

References

External links

LSR Group website
{{Moscow Exchange Index Construction and civil engineering companies of Russia Companies listed on the Moscow Exchange Companies in the MOEX 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