O'Key IPO is oversubscribed

Russian grocery retailer O'Key has reportedly seen the order book for its London IPO oversubscribed. Demand for the shares is high, with most of the interest coming from foreign investors. The order book will close on 1 November. O’Key could raise up to USD491 million after pricing its offering at USD9.9 to USD12.9 a share, valuing the company at up to USD3.26 billion.

Planet Retail