Russia’s major alcohol retailer announces and scraps IPO within days
Russia | Russia’s – What was this? A flash in the pan? Mercury Retail Holding, the largest ultra-convenience store operator in Russia, announced on 26 October 2021 it would list on Moscow’s stock market. Trading would begin on 10 November. On 3 November, the offer was priced at USD 1.3 billion, which would have given it a market value of USD 12 billion to USD 13 billion.