Russian retail chain Kopeyka has said that it will not be holding an initial public offering in 2006 or 2007. The IPO had originally been scheduled for July 2006.

Kopeyka had planned to place 1.1bn common shares, with 70% of them GDRs on the London Stock Exchange and 30% as Russian shares on the RTS. It had hoped to raise US$300m.  

The company may hold the offering in 2008, Kopeyka said in a statement. Currently, the retailer has enough resources to support continued growth.