Fix Price prices IPO at top after cornerstone boost
Fix Price, the discount Russian retailer, priced its London and Moscow IPO on Thursday after managing to secure some of the world’s highest quality investors as cornerstones at the beginning of the week.
The company announced on Monday that it had secured aggregate cornerstone orders of about $475m for the IPO.
Funds and accounts managed by BlackRock will take $150m of shares at the final offer price. Alongside the global investing giant, Qatar Investment Authority will also take $150m, Singapore’s GIC will subscribe for $100m of ...