Yulmart is preparing for an IPO in 2016, becoming the largest online retailer in Russia

Immediately, two good news came from the St. Petersburg online retailer Yulmart.

The first concerns the company's sales success in 2014 - according to Bloomberg, Yulmart's revenue reached $ 1.3 billion, making it the largest online retailer in RuNet. At Yandex, the largest domestic Internet company, sales are expected at the level of $ 800 million for the same period.

Bloomberg notes that Yulmart became the first Russian retailer, whose revenues exceeded the psychological mark of $ 1 billion. The company itself issued a press release stating that according to a preliminary assessment of independent auditors, in 2014 the company recorded revenue of 48.5 billion rubles without VAT - this included the results of the Dream Industries and NLE companies, which were absorbed by Yulmart in 2014 year
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The second news is the preparation of Yulmart for the IPO in 2016. According to preliminary data, JPMorgan and Morgan-Stanley can estimate the entire company at $ 5-6 billion. Representatives of the company say about the possibility of selling to investors up to 25% of the company, which means that the range of funds raised will be from $ 1 to $ 2 billion. At the same time, it is noted that the choice of the site depends on the final assessment of the business, if the current data is confirmed, Yulmart will be located on the London Stock Exchange, and if not, on one of the American sites.

And this is really good news amid the overall expected stagnation of retail in 2015, and the IPO Lenta Ltd. (LNTA) in February 2014, which attracted $ 952 million from investors and since then there have been no interesting placements of Russian companies.

Yulmart developed with funds from August Meyer and Dmitry Kostygin, who were co-owners of the retailer Tape and sold their stake in more than 40% to a group of US investors led by TPG Capital in 2011. Almost immediately after that, they declared their desire to make the equivalent of Amazon.com in the Russian market. Today, Yulmart says it is growing even faster than Amazon.