Limited Liability Company "Samolet Group of Companies" has picked JPMorgan and VTB Capital to manage its planned Moscow share offering, a source familiar with the company’s plans said on July 31, 2018. Samolet said late on July 30, 2018, that its shareholders had authorized the issuance of 50 million shares to be placed through an open subscription and that it planned to submit an application to list at the Moscow Exchange. In April 2018, sources said the company planned to hold an initial public offering (IPO) this year or next. JPMorgan and VTB declined to comment.