About: http://data.cimple.eu/news-article/81fff559d275a9ceded27841922cac54969e2f734a23527cb9b11ad0

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About: http://data.cimple.eu/news-article/81fff559d275a9ceded27841922cac54969e2f734a23527cb9b11ad0 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Russia's largest cut-price retailer Fix Price said Friday it had raised $2 billion in an initial public offering in London as Russian consumers embrace discounters amid a fall in living standards. The company said in a statement it had priced its IPO on the London Stock Exchange at $9.75 per share -- the top end of the price range -- implying a market capitalisation of $8.3 billion. The IPO was the biggest for a Russian group since aluminium giant Rusal went public in 2010, raising $2.2 billion in Hong Kong. It was also the largest IPO in history for a Russian retailer on any stock exchange. Fix Price has sought to capitalise on its growing popularity as Russians' purchasing power shrinks amid mounting economic troubles brought on by Western sanctions and exacerbated by the coronavirus pandemic. The company's CEO Dmitry Kirsanov said the IPO represented a "landmark" in the history of not only his company but Russia's entire retail industry. "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," he said in a statement. Fix Price opened its doors in 2007 and currently operates more than 4,200 stores in Russia, Kazakhstan, Georgia and elsewhere. Its shares are expected to start trading in London and Moscow next week. Last year Russian online retailer Ozon raised over $1 billion in an IPO in the United States. apo-as/emg/rl
schema:headline	Fix Price raises $2bn in biggest Russian retail IPO
schema:mentions	London Stock Exchange Market capitalization Electromyography Initial public offering Kazakhstan Aluminium University of Georgia Moscow Hong Kong London Chief executive officer Russia Pandemic United States Coronavirus Kirsanov Rusal Purchasing power
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-05 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	71 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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