Russia: Dixy Raises $360m In IPO

Dixy Group, Russia's third-largest supermarket chain, has raised $360m in an initial public offering after selling stock at the low end of the price range. Investors bought 25 million shares, including 10 million new shares, for $14.40 a share. On 17 May, Dixy had cut the price range to $14.40-$15.80, from an initial range of $16.50-$22.