Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

Yulmart Internet Retailer Plans IPO For 2016
January 24, 2015 19:54


“Yulmart” Internet retailer plans to conduct initial public offering (IPO) on stock exchanges in 2016 and, as a result, to raise about $ 1 billion, as the company’s message said. The money will be spent on the construction of modern centres of orders execution in the European part of Russia.

At the moment “Yulmart” has not yet officially began the process of fundraising and has not issued the mandate, the bank and the platform will be determined by the company in March-April.

The preliminary estimate of the cybermarket by JPMorgan and Morgan Stanley amounts to $ 5-6 billion, and, if all goes well, the shares will be placed according to it in 2016, as Dmitry Kostygin explained to RBC. Thus, “Yulmart” may raise not $ 1 billion, but up to $ 1.5 billion.

The platform can be both the London Stock Exchange and one of those in the US, it will depend on the estimate of the company at the time of IPO: it makes sense to make only large-scale fundraising in London, if the final estimate of the company will be less than the preliminary one, the company will choose an American platform, the co-owner of the cybermarket noted.

Earlier on Tuesday “Yulmart” announced the preliminary estimate of its financial results for the year 2014. The volume of sales over the past year in dollar terms amounted to about $ 1.3 billion VAT-exclusive. In 2015 the company plans to increase the dollar volume of sales even more, raising revenue in roubles up to 100 billion roubles or more.

“Since the most part of the costs will remain at the rouble level of 2014, we will be able to achieve an exceptional performance: according to the first estimate, EBITDA of “Yulmart” may amount to 6% in 2015 and its net profit – to 2%” - the press release of the company quotes Kostygin’s words. The Head of the Board of Directors of “Yulmart” explained that, despite the one-and-a-half excess of plans for New Year’s sales, the company managed to keep the stock of goods for the first quarter of 2015.

Author: Anna Dorozhkina

Tags: Yulmart IPO    

Next Previous

You might also find interesting:

Rosneft Intends to Sign a New Agreement With Iraqi Kurdistan Adygea Will Have the Exclusive Right to Use the Circassian (Adygei ) Cheese Brand Russian Political Leaders Congratulated Donald Trump American GE Signed New Agreements With Russian Companies Sergei Bezrukov's Performance Is Canceled In Tbilisi

Comment on our site

RSS   twitter      submit

accident  elections in Russia  Sports  Exhibitions in Moscow  train tickets Russia FIFA  Russian law  Russian science  Mercedes-Benz Fashion Week Russia  Yekaterinburg  Underground Art  FIBA  lowcoster  Grishin Robotics  Concerts in Saint Petersburg  Medical Industry  Russian scientists  Russian business  Pedestrian Zone  Red Bull BC One Russian Cypher 2013  Olympic Games 2012  Perm Territory  Russian tourism  Aleksandr Ovechkin  Russian economy  Russian physicists  Moscow  St. Petersburg  Moscow State University  Russian businness  Multimedia  geology  the Museum of the World Ocean  Beijing Railway  Russian Architecture  international cooperation  Alexandrov Ensemble  Russian designers  Russian Cinema  banks  Russia-Belarus  Team Russia  Russian singers  Monuments  Tyumen  The Best of Russia  Open Data Portal  Norilsk Nickel  Russian univesities  Robots  Russian Traditions 

Travel Blogs
Top Traveling Sites