Tapping into a growing global appetite for Russian internet firms, online retailer KupiVIP wants to hold an initial public offering in New York within two years. KupiVIP's Oskar Hartmann told reporters that an IPO is expected to raise more than $120 million for the online luxury goods shopping retailer. Russia, now Europe's biggest internet market, has seen several successful IPOs in this sector over the the last two years, including one for Russia's leading online retailer Ozon.ru last year (funding of $100 million secured), as well as online groups Yandex and Mail.Ru ($2.5 billion raised between them in oversubscribed IPOs in New York and London in 2010 and 2011).
http://www.reuters.com/article/2012/06/18/us-kupivip-ipo-idUSBRE85H0UQ20120618
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