Fix Price

Fix Price is a Russia-based chain of discount variety stores.[2][3] The chain includes 4,162 stores[4] in Russia, Belarus, Kazakhstan, Uzbekistan, Latvia, Georgia, Kyrgyzstan, Mongolia and Armenia.[5]

Fix Price
Revenue$4.11 billion[1] (2022)
$608 million[1] (2022)
$317 million[1] (2022)
Total assets$1.67 billion[1] (2022)
Total equity$434 million[1] (2022)
Websitehttp://fix-price.ru/

The company was founded by Sergei Lomakin and Artem Khachatryan in 2007, founders and executives of the former Kopeyka (supermarket) chain.[6] Goldman Sachs Group, Inc acquired a stake in the company in 2020.[7]

By the end of 2020, Fixprice had revenue of 190 billion rubles ($2.6 billion) in a year.[8]

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.[9]

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.[10]

References
  1. "Q4 and 12M 2022 Financial Results" (PDF). Fix Price. 27 February 2023. p. 45. Retrieved 27 February 2023.
  2. "Fix Price оказалась одним из крупнейших импортеров игрушек в России". РБК (in Russian). Retrieved 2020-12-28.
  3. "Инвесторов приманят на Fix Price". Коммерсантъ. Retrieved 2020-12-28.
  4. "Fix Price = About". Fix Price - About. Retrieved 28 December 2020.
  5. "Russia's Fix Price Group Opens 4,000th Outlet". European Supermarket Magazine. Retrieved 28 December 2020.
  6. Aris, Ben (October 27, 2020). "Russian crises drive a discount retail boom". bne IntelliNews. Retrieved 28 December 2020.
  7. Khrennikov, Ilya (November 18, 2020). "Fix Price to Build on Goldman Backing With London IPO Plan". Bloomberg. Retrieved 28 December 2020.
  8. "Fix Price Raises $1.7 Billion in Biggest Russian Retail IPO". Bloomberg. 2021-03-05.
  9. "Fix Price raises USD2 billion in London in biggest Russian retail IPO". Morning Star. 2021-03-05.
  10. "Marathon Group выйдет из капитала ритейлера Fix Price" (in Russian). Интерфакс. 2021-09-14.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.