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Fix Price increases IPO volume amid high demand, deal could reach $2 bln, record for 11 years
MOSCOW. March 5 (Interfax) - Fix Price retailer has announced the price of its IPO, which has grown amid strong investor demand; the deal could be Russia s largest IPO since 2010, when Rusal placed an offering in Hong Kong, subject to the exercise of the organizers option for an additional placement.
The company said in a statement that it had set the placement price at $9.75 per share, which is the upper limit of the $8.75-$9.75 range. The estimate corresponds to total market capitalization for the company of $8.3 billion.
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