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Yulmart will place 25% of shares in the amount of $ 1.5 billion during an IPO in 2016

The retailer Yulmart will place in 2016 up to 25% of its shares in the amount of $ 1.5 billion, having previously estimated the company at $ 6 billion, Interfax reports. This amount will go to the construction of new network centers in the European part of Russia.

The company's management is in talks with the venues: the company’s representatives held meetings with the US stock exchanges NASDAQ and the NYSE, then planned to meet with the London (LSE) and Hong Kong (HKEx). A double listing is possible - last year the top management of Yulmart met with representatives of the Moscow Stock Exchange, according to Vedomosti .

Cybermarket "Yulmart" was founded in 2008. The network sells computer equipment, consumer electronics and other products. At the end of 2013, the cybermarket became the first Russian e-commerce company, whose sales exceeded $ 1 billion. In 2014, the revenue of the chain of stores amounted to 60 billion rubles, the head of the board of directors, Dmitry Kostygin, hopes to increase the revenue this year to 100 billion. Within five years after the initial public offering, Yulmart plans to increase sales to $ 10-12 billion a year.

Today, 60% of the cybermarket belongs to Dmitry Kostigin and Augustus Mayer, 40% - from Alexey Nikitin and Mikhail Vasinkevich.

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Source: https://habr.com/ru/post/286588/


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