Moscow, March 5 (UrduPoint / Pakistan Point News - 5th Mar, 2021 ) :Russia's largest cut-price retailer Fix Price said Friday it had raised $2 billion in an initial public offering in London as Russian consumers embrace discounters amid a fall in living standards.
Fix Price has sought to capitalise on its growing popularity as Russians' purchasing power shrinks amid mounting economic troubles brought on by Western sanctions and exacerbated by the coronavirus pandemic.
"We are delighted with the extremely strong interest from the global investor community, which resulted in a strong and diversified order book including a number of blue-chip Names," he said in a statement.
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