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Conyers Advises Fix Price On Largest Ever BVI IPO

Conyers has advised Fix Price Group Ltd (“Fix Price”) on its successful US$2 billion initial public offering (“IPO”) on the London Stock Exchange (ticker: FIXP). The shares will be tradeable as global depositary receipts with a secondary listing on the Moscow Exchange. The listing, which was oversubscribed, results in Fix Price becoming the most valuable publicly-listed BVI company to date with a market capitalization of approximately US$8.3 billion. The IPO is the largest ever listing for a Russian retailer and the largest Russian IPO since 2014.

Fix Price is one of the leading discount variety retailers globally and the largest variety value retailer in Russia with over 4,200 stores operating under the trade mark “Fix Price” located primarily in Russia, and also in Belarus, Kazakhstan and Uzbekistan. The group is also engaged in wholesale operations by servicing a number of franchisees that operate in Russia, Belarus, Georgia, Kazakhstan, Kyrgyzstan and Latvia.

Commenting on the transaction, Anton Goldstein said:

“We are very pleased to have advised Fix Price on its IPO and are delighted that it has been such a success for the company. It has been a pleasure to work with the entire deal team on this transaction and we wish Fix Price every success as a public company.”

The Conyers team, which worked alongside Stanislav Grigoryev, IPO counsel of Fix Price and a team from Skadden, Arps, Slate, Meagher & Flom LLP, comprised Anton Goldstein and Rachael Pape.


Anton Goldstein

British Virgin Islands   +1 284 852 1119

Rachael Pape

British Virgin Islands   +1 284 852 1114


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