Fix Price
 | |
| Revenue | $4.05 billion[1] (2022) |
|---|---|
| $6 million[1] (2022) | |
| $313 million[1] (2022) | |
| Total assets | $1.65 billion[1] (2022) |
| Total equity | $427 million[1] (2022) |
| Website | http://fix-price.ru/ |
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]
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
- ^ a b c d e "Q4 and 12M 2022 Financial Results" (PDF). Fix Price. 27 February 2023. p. 45. Retrieved 27 February 2023.
- ^ "Fix Price оказалась одним из крупнейших импортеров игрушек в России". РБК (in Russian). Retrieved 2020-12-28.
- ^ "Инвесторов приманят на Fix Price". Коммерсантъ. Retrieved 2020-12-28.
- ^ "Fix Price = About". Fix Price - About. Retrieved 28 December 2020.
- ^ "Russia's Fix Price Group Opens 4,000th Outlet". European Supermarket Magazine. Retrieved 28 December 2020.
- ^ Aris, Ben (October 27, 2020). "Russian crises drive a discount retail boom". bne IntelliNews. Retrieved 28 December 2020.
- ^ Khrennikov, Ilya (November 18, 2020). "Fix Price to Build on Goldman Backing With London IPO Plan". Bloomberg. Retrieved 28 December 2020.
- ^ "Fix Price Raises $1.7 Billion in Biggest Russian Retail IPO". Bloomberg. 2021-03-05.
- ^ "Fix Price raises USD2 billion in London in biggest Russian retail IPO". Morning Star. 2021-03-05.
- ^ "Marathon Group выйдет из капитала ритейлера Fix Price" (in Russian). Интерфакс. 2021-09-14.