Large Russian retailer "Azbuka vkusa" is considering an initial public offering (IPO) on the Moscow Stock Exchange, company president Denis Sologub said.

It is known that under the proposed placement the company may offer investors up to 15% of its capital, RBC writes.

Salahub explained that the company has an ambitious strategy for the development of its foodtech direction, expanding production, the growth of new segments and services, but for its implementation we need long-term investments. The company feels more comfortable to invest from the market than from loans, he said.

In his opinion, potential investors may include loyal customers of the retail chain. "In this regard, "Azbuka" may have a very high demand due to the fact that the core of our loyal audience is 90 percent the same as the number of active investors with a high check," the head of the company said.

The timing of the offering is not yet known.

Made in Russia // Made in Russia

Author: Maria Buzanakova