Russia’s Ulmart shops around with Hong Kong on IPO schedule

Russia’s biggest online retailer is now visiting the New York Stock Exchange and NASDAQ and plans to scout out Hong Kong and London in coming months as potential venues for an up to $1.5 billion IPO in 2016, the company’s spokesman Brian Kean told The Wall Street Journal.

“Before buying fish, you usually check it out pretty thoroughly. Why should one of the single most important decisions a company can make be any different,” Mr. Kean said.