Russian discount retailer Fix Price considers London and Moscow IPO
The initial public offering would aim to raise at least $1bn, with primary listing in London
15 February 2021 - 18:20
Moscow — Russian cut-price retailer Fix Price said on Monday it was considering an initial public offering in London and Moscow of its global depositary receipts (GDRs) to capitalise on strong growth boosted by demand for inexpensive goods.
Fix Price, which sells low-priced goods in walk-in shops and online, has grown in popularity as the Covid-19 pandemic reduced many Russians' spending power...
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