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Russia's X5 considering Nasdaq or LSE IPO for online businesses, alongside MOEX listing

Thu, 21st Jan 2021 13:26

MOSCOW, Jan 21 (Reuters) - Russia's largest food retailer X5
is considering an initial public offering (IPO) for its
online businesses on either the Nasdaq or the London Stock
Exchange at the same time as on the Moscow Exchange, the company
said on Thursday.

X5 said in November the group's food delivery business -
online shop Perekrestok Vprok (Perekrestok.ru) and the express
delivery service from its Pyaterochka and Perekrestok stores -
could go public within the next two to three years.

Chief Financial Officer Svetlana Demyashkevich told a
conference on Thursday that an IPO of X5's online businesses
could happen in around two years' time.
(Reporting by Olga Popova; Writing by Alexander Marrow
Editing by Katya Golubkova)

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Russia's X5 considering Nasdaq or LSE IPO for online businesses, alongside MOEX listing

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