Wednesday, June 20, 2012
Russian online retailer KupiVIP eyes New York IPO
Russian online retailer KupiVIP wants to hold an initial public offering in New York within two years that could raise more than $120 million, its founder and chief executive said on Monday, continuing a trend of web groups seeking public listings. KupiVIPGlobal investors are showing a growing appetite for Russian internet firms as they seek to tap into rising consumer spending and the fast-growing use of broadband in Russia, now Europe's biggest internet market. Russia's leading online
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