Russian Discount Chain FixPrice Announces London IPO

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(The Moscow Times)

Company could be valued at $6 billion in latest sign foreign IPOs are back in fashion among Russian startups.

Russian discount retail chain FixPrice has announced plans for an initial public offering (IPO) — the latest in a flurry of Russian listings — which could value the company at $6 billion.

In a statement published Monday, FixPrice said it would start the registration process for an IPO on the main market of the London Stock Exchange, with a secondary listing on the Moscow Exchange.

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