Source: Organizer values Fix Price at 752–854 bln rbl ahead of IPO

MOSCOW, Feb 25 (PRIME) -- VTB Capital, one of the organizers of an initial public offering (IPO) of discounter retailer Fix Price, valued the company at 752–854 billion rubles, or U.S. $10.2–11.6 billion, a financial source told PRIME.

Fix Price plans to hold an IPO in London and get a secondary listing on the Moscow Exchange. The London Stock Exchange is to give admission for the global depositary receipts of Fix Price to trade in March. The Moscow Exchange admitted the stock for trade on February 20.

Shareholders Luncor Overseas S.A. of Artyom Chachatryan, LF Group DMCC of Sergei Lomakin, the founders of the chain, Samonico Holdings Ltd. (structure of Marathon Group) and GLQ International Holdings Ltd, 100% affiliate of Goldman Sachs Group, are the sellers.

The IPO organizers are BofA Securities, Citigroup, J.P. Morgan, Morgan Stanley and VTB Capital.

(73.7532 rubles – U.S. $1)

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