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Russian discount retailer Fix Price planning London IPO

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Russian five-and-dime retail chain Fix Price has said it is considering listing on stock exchanges in London and Moscow, as the group seeks to capitalize on robust growth spurred by rising demand for cheap goods.

The initial public offering (IPO), which could value the company at more $6 billion, would aim to raise at least $1 billion, and would become the biggest listing by a Russian company in London since 2017.The stock market listing of global depositary receipts is planned for March, with a secondary listing on the Moscow Exchange. The deal will be jointly coordinated by BofA Securities, JPMorgan, Citigroup, Morgan …

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