Russian Discount Chain Eyes Largest Foreign IPO Since Sanctions

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(The Moscow Times)
FixPrice is aiming to raise up to $1.7 billion in its London stock market launch.

Discount retailer FixPrice is gearing up for Russia’s largest foreign stock market debut since 2014, the company said Monday.

FixPrice, Russia’s largest discount retail chain, starts the bookbuilding process for its hotly-anticipated initial public offering (IPO) on the London Stock Exchange this week. 

The company is seeking to raise at least $1.5 billion in cash to fund expansion across Russia, in an IPO which could value the company at up to $8.3 billion. 

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