Owner of “Red & amp; White “postponed the IPO due to market conditions 
Mercury Retail Holding changed its mind about going public, postponing the IPO ) due to the prevailing market conditions, writes TASS with reference to the message of the holding. The IPO was supposed to take place on November 10 and become the largest on the Moscow Exchange since 2013.
Mercury Retail Holding PLC is the largest seller of alcohol in Russia. The company was formed in 2019 as a result of the merger of the Dixy grocery chain and the Krasnoe & Beloe and Bristol alcohol stores. In July 2021, the Magnit retail chain acquired Dixy for 86.7 billion rubles. Now the holding owns Krasny & Bely and Bristol.
The company planned to raise up to $ 1.3 billion for the IPO. In early November, the chairman of the board of Mercury Retail, Igor Kesaev, said that the holding is proud of its business model and is waiting for the opportunity to present it to international and Russian investors.
On November 4, the postponement of the IPO due to “market conditions” Car-sharing operator Delimobil. The company intended to raise $ 760-912 million. Forbes magazine reported that Delimobil never closed the order book. Investors were confused by the competition with Yandex, the strong influence of the state and the cost of cars.