Friday, July 15, 2011

Russian Online Store Announces Plans for July IPO

As sales surge for Utinet.ru, a Russian online shopping store established in 2004, the company has announced plans for an IPO. General director of Utinet, Mikhail Ukolov, explains that the decision for the IPO comes as internet sales in Russia expand and services become more available and affordable. Utinet's first half sales in 2011 jumped 345% compared to the first half of 2010, with laptop sales comprising over 75% of total goods sold. With the planned IPO, Utinet.ru would be the first Russian shopping company to be listed on MICEX.

http://rt.com/business/news/utinetru-ipo-sales-online/

1 comment:

  1. Shopping online is really a new method and a good method of this new tech world coz’ you can search online the items you like. You can also view the prices and match it to your money. I’m fortunate that I’m born in this time of world.

    That's nice...

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