Russian retailer Dixi said today (12 November) that it has priced its additional share issue of 26m shares at US$2 per share.

If the share issue is fully subscribed Dixy could raise up to $52m, the company said in a regulatory filing.

The asking price represents about a 40% discount on the current market value of Dixy shares.

In October, the Russian retailer confirmed reports that it had scrapped plans to list in London and said instead more shares would be offered to existing investors.