Investors valued the Fix Price chain of stores at $ 8.3 billion. The cost of one global depositary receipt (GDR) was $ 9.75, which is in line with the upper end of the price range, the company said.
Due to strong demand, the placement volume was increased by about 5% – from 170 million to 178.37 million GDRs, each of which represents one ordinary share of the company. An additional 26.75 million GDR in Fix Price will be provided in accordance with the additional placement option.
As a result, the number of publicly traded GDRs will amount to 205.12 million – 24.1% of the fixed capital of Fix Price. In total, during the IPO, Fix Price can raise $ 2 billion, although it was originally planned for 1.5-1.7 billion. The start of trading in shares under the ticker FIXP on the London and Moscow stock exchanges is scheduled for March 10.
In early March, Fix Price announced that it would have several anchor investors as a result of the IPO: Qatar’s sovereign wealth fund QIA, as well as BlackRock, GIC and APG. They will buy shares at the offering price of $ 150 million, $ 150 million, $ 100 million and $ 75 million, respectively.
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