Renaissance Insurance Group JSC is in the active phase of preparation for an IPO and the company could officially announce its plan to become listed on the Moscow Exchange by publishing a so-called intention to float, which effectively launches the deal, by the end of September 2021, a number of informed sources told Interfax. According to the sources, the deal structure under discussion envisages that the company itself will be able to raise approximately $250 million through placing new shares in the initial public offering, while the insurer's shareholders will sell shares for a total of $150 million. The company intends to allocate the funds received for financing development, including potential M&A. There are no plans to use the money from the IPO for debt repayment, one of the sources said. Credit Suisse, JP Morgan, VTB Capital, and BCS have been appointed as the organizers of the deal. Renaissance Insurance said in June 2021 that it was considering the possibility of holding an IPO in Moscow; however, the company did not provide any specific timelines or details. "Like any successful company, we are considering all strategic options for development, including holding an IPO; however, at this stage it is premature to comment on any specific plans on the capital markets," the company's press service told Interfax on September 3, 2021.