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Fix Price to Build on Goldman Backing With London IPO Plan

  • Dollar-store chain may be valued at $6 billion in 1H sale
  • Founder Sergei Lomakin sold small stake to Goldman Sachs
Fix Price operates over 4,000 stores selling goods for less than $3.
Photographer: Andrey Rudakov/Bloomberg
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Fix Price, Russia’s biggest dollar-store retailer, is considering an initial public offering of shares after winning the backing of Goldman Sachs Group Inc. early this year.

The chain is looking at London and Moscow as listing venues for a sale in the first half of next year, and the valuation may be about $6 billion, according to two people familiar with the matter, declining to be identified as talks are private.