Fix Price

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Fix Price
Fix Price Logo.png
Websitehttp://fix-price.ru/

Fix Price is a Russia-based chain of discount variety stores.[1][2] The chain includes 4,162 stores[3] in Russia, Belarus, Kazakhstan, Uzbekistan, Latvia, Georgia and Kyrgyzstan.[4]

The company was founded by Sergei Lomakin and Artem Khachatryan in 2007, founders and executives of the former Kopeyka (supermarket) chain.[5] Goldman Sachs Group, Inc acquired a stake in the company in 2020.[6]

By the end of 2020, Fixprice had revenue of 190 billion rubles ($2.6 billion) in a year.[7]

In March 2021, Fix Price held an IPO on the London and Moscow stock exchanges. Investors were offered 21% of the authorized capital of the company (178.4 million global depositary receipts at a price of $9.75 each). The company raised about $1.7 billion. The share of each of the co-founders decreased from 41.66% to 35.43%. Selling shareholders still have a put option for another 26.8 million GDRs. Now Fix Price's capitalization is estimated at $8.3 billion. This is the largest listing of a Russian company in ten years. Open trading will begin on March 10.[8]

In September 2021, Samonico Holdings of Marathon group of Alexander Vinokurov disinvested from the capital of Fix Price to sell its 2,98% of shares (25,36 million GDR) with a 10% discount by share of the total of 850 million shares.[9]

References[]

  1. ^ "Fix Price оказалась одним из крупнейших импортеров игрушек в России". РБК (in Russian). Retrieved 2020-12-28.
  2. ^ "Инвесторов приманят на Fix Price". Коммерсантъ. Retrieved 2020-12-28.
  3. ^ "Fix Price = About". Fix Price - About. Retrieved 28 December 2020.
  4. ^ "Russia's Fix Price Group Opens 4,000th Outlet". European Supermarket Magazine. Retrieved 28 December 2020.
  5. ^ Aris, Ben (October 27, 2020). "Russian crises drive a discount retail boom". bne IntelliNews. Retrieved 28 December 2020.
  6. ^ Khrennikov, Ilya (November 18, 2020). "Fix Price to Build on Goldman Backing With London IPO Plan". Bloomberg. Retrieved 28 December 2020.
  7. ^ "Fix Price Raises $1.7 Billion in Biggest Russian Retail IPO". Bloomberg. 2021-03-05.
  8. ^ "Fix Price raises USD2 billion in London in biggest Russian retail IPO". Morning Star. 2021-03-05.
  9. ^ "Marathon Group выйдет из капитала ритейлера Fix Price" (in Russian). Интерфакс. 2021-09-14.
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