Mercury Retail Holding Plc, which controls Russia’s biggest chains of alcohol retailers, seeks to raise as much as $1.3 billion in what would be the largest initial public offering in Moscow since 2013.
The holding, which operates more than 14,000 convenience stores that sell alcohol, cigarettes and food under the Krasnoe & Beloe and Bristol brands, said on Wednesday that the price range has been set at between $6 and $6.50 per global depositary receipt. That would value the company at as much as $13 billion.
A Bristol store, operated by Mercury Retail, in Moscow.
Photographer: Andrey Rudakov/Bloomberg
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