Element Group plans to go public by the end of 2024, sources told Vedomosti. Company expects to get a valuation of ₽100-150 billion and raise ₽10-15 billion to finance its investment program. Element Group was established in 2019 based on the assets of Sistema and Rostec. Company is engaged in the production of integrated circuits, semiconductor devices, power electronics, modules, chip and contact cases, as well as radioelectronic equipment.