Developer Glorax, which announced its upcoming IPO on the Moscow Exchange, plans to begin paying dividends from 2027, Vice President for Public Markets Petr Kryuchkov said during a Sinara investment bank webinar. He noted that at least 30% of net profit will be allocated for payouts. Trading under the ticker GLRX will start on October 31. In 2024, the company’s net profit rose 2.4 times to RUB 1.2 billion.