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Discount retailer Fix Price fixing to become Russia’s biggest IPO in years

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Russian five-and-dime chain Fix Price is planning to raise as much as $2 billion as it goes public next week. If the listing goes as planned, it could become the biggest Russian retail IPO in history.

Shares of Fix Price will start trading on the London and Moscow exchanges on March 10. According to the company’s statement, its total offer size was increased to $2 billion due to strong investor demand.“It is no exaggeration to say that today’s announcement represents a landmark in the history not just of Fix Price, but also for variety value retail and the Russian retail …

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