MOSCOW, Nov 3 (PRIME) -- Russia’s Mercury Retail, which manages alcoholic drinks retailer Krasnoye&Beloye (Red&White) and the Bristol retail chain, has set the price guidance for an initial public offering (IPO) at U.S. $6–6.5 per global depositary receipt (GDR), the company said in a statement on Wednesday.
Mercury Retail Group Limited, a selling shareholder, will offer up to 200 million GDRs in the IPO at the Moscow Exchange and may raise $1.2–1.3 billion. Mercury Retail’s market capitalization may thus amount to $12–13 billion.
Bids will be accepted from Wednesday through November 9.
BofA Securities, J.P. Morgan, SberCIB and VTB Capital are global coordinators and bookrunners of the offering, Gazprombank and Renaissance Capital act as bookrunners as well.
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