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22 February 2013

Russia’s KupiVIP Seeking $125 Million in 2014 IPO, Founder Says

MOSCOW, Russia – KupiVIP, the Russian online fashion retailer, is seeking to raise $125 million in an initial public offering next year to fund warehouse construction and expand delivery network, its founder said.

Goldman Sachs Group Inc. and Jefferies & Co. are among advisers KupiVIP has held discussions with about the planned stock sale in New York, though no mandate has been offered, founder and Chief Executive Officer Oskar Hartmann said.

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