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.
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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.
