Russia’s answer to Poundland plans to raise at least $1bn from a float in London.
Fix Price is planning to list global depositary receipts on the main market of the London Stock Exchange and achieve a valuation of about $6bn.
The retailer operates 4,241 shops in Russia, Kazakhstan, Georgia, Belarus, Latvia, Kyrgyzstan and Uzbekistan, with most products costing 100 roubles or 98p.
