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Ulmart confirms IPO plans in 2016, considers private equity deal in late 2015

Earlier this month Ulmart, Russia’s leading e-commerce company, announced several new steps towards its planned IPO. JPMorgan and UBS have been appointed to prepare the operation, which may take place in spring next year, according to Ulmart chairman Dmitry Kostygin.

 

The online retailer considers floating 15% of new shares on the London Stock Exchange, Kostygin told Russian business daily Vedomosti.

 

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