Support The Moscow Times!
Contribute today

KupiVIP Eyes New York IPO

By The Moscow Times

Online retailer KupiVIP wants to hold an initial public offering in New York within two years that could raise more than $120 million, its founder and chief executive said Monday.

"We have already made quite good progress, and [an IPO] is likely to take place within two years. We need to grow to reach a size that allows us to do a round [of funding] of 120 plus [million dollars]," KupiVIP's Oskar Hartmann said. The online shopping club, which sells discounted fashion goods, is looking to float shares on a New York stock exchange, he added.

Launched in October 2008, KupiVIP has attracted $86 million in funding to date from investors.

(Reuters)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more

Looming offensive

Russia Striking Ukraine Railways to 'Paralyze' Army Cargo – Ukraine Source

"These are standard steps ahead of an offensive," a Ukrainian security source said.
1 Min read
contemporary art

Police Search Moscow’s Garage Museum – Reports

It was unclear why police may have been performing searches at Garage. 
1 Min read
fatal strikes

Russian Officials Say Ukrainian Attacks Kill 3

Russian officials said Ukrainian bombardments had left two people dead in separate attacks on a Russian border region and a village in occupied Ukraine...
1 Min read
wobbling currency

Russia Holds Rates After Putin Urges Caution

Speaking to business leaders on Thursday, Putin had stressed the need to be "careful" over when to start cutting rates.
2 Min read