The Vkusville retail chain is preparing to conduct an IPO on the NASDAQ stock exchange in the United States, The Wall Street Journal reports, citing sources.
Vkusville will soon confidentially submit documents for an IPO in the United States, and will also organize a listing in Moscow, the WSJ interlocutors noted.
According to the newspaper, the company will be valued at $ 3-5 billion. VkusVill itself refused to provide the newspaper with a comment. In January 2019, the Kommersant newspaper reported that the retailer began a series of meetings with potential investors to discuss the possibility of an IPO
About 87% of the company belongs to its founder Andrey Krivenko, 12.16% belongs to the Cypriot Moestino Investments Limited (structure of Baring Vostok).
At the end of 2019, Vkusville’s revenue exceeded $ 1 billion for the first time. Now the network is one of the fastest growing in Russia. The company’s network includes more than 1250 stores. Its revenue in 2020, according to the company’s own data, amounted to $ 1.6 billion. In addition to Russia, Vkusville operates in the Netherlands (there are two chain stores and one cafe there).
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