date:Mar 03, 2014
Shares in Russian hypermarket chain starting trading both in Moscow and London today.
It was a tough debut for the company, who struggled to get above its IPO price due to concerns over a weakening ruble and tensions in the Ukraine.
This morning the company set a price of $10 per global depositary receipt (GDR), at the lower end of a range of $9.5-$11.5, netting around 1 billion for selling shareholders.
Lenta, which is part-owned by US private equity firm TPG, formally announced its intenti