Supermarket Chain Gears Up For Belarus’s First International IPO

Eurotorg, Belarus’s largest food retailer, is planning an initial public offering (IPO) in London in the coming weeks, Financail Times reports. The first ever listing by a company from the ex Soviet state. A Belarusian supermarket chain is to list its shares in London, sources familiar with the situation said. According to FT experts, the company can be potentially valued at up to $1bn, or even over $3 billion, Reuters suggests. Credit Suisse and JP Morgan banks are acting as global co-ordinators for the IPO. Read also: Michael Bloomberg! World’s 11th richest person has Belarusian roots Eurotorg is expected to raise around $200 million fresh … Continue reading Supermarket Chain Gears Up For Belarus’s First International IPO