Fix Price prices IPO on Main Market of London Stock Exchange at top of range


Following its announcement on 1 March 2021 regarding the start of the bookbuilding process as part of its initial public offering of global depositary receipts representing ordinary shares of the Company on the London Stock Exchange and Moscow Exchange , Fix Price, one of the leading variety value retailers globally and the largest in Russia, today announces the successful pricing of its IPO.

The Offer Price has been set at USD 9.75 per GDR, implying a total offer size of approximately USD 2.0 billion assuming full exercise of the over-allotment option granted in connection with the Offer and a market capitalisation on Admission (as defined below) of approximately USD 8.3 billion.

Dmitry Kirsanov, CEO of Fix Price, said: “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 sector more broadly, as the largest ever IPO by a Russian retailer.

“We are delighted with the extremely strong interest from the global investor community, which resulted in a strong and diversified order book including a number of blue- chip names and enabled us to upsize the offer beyond our original expectations. I would like to extend a warm welcome to all our new shareholders as they join the Fix Price family, and look forward to the next chapter in the exciting Fix Price story.”