fix price

In a 24-page decision, Caproni found the investors unable to trace their losses to banks' alleged effort to depress the Fix, which set benchmark prices for silver bars, and trade derivatives based on advance knowledge of the Fix price.

The judge also said the investors were not "efficient enforcers" of their private antitrust claims, unlike people who might have sold silver at the Fix price.

Fix Price on Monday reported a 20.5% jump in revenue and a 27% increase in operating profit last year as Russians reined in their spending.

Russia saw a surge in IPOs in 2021, when retailer Fix Price raised almost $2 billion in a dual listing in London and Moscow.

In Fix Price's IPO, Russia's largest since sanctions were introduced in 2014, Russian investors accounted for around 10% of demand, with the U.S. supplying 40% and Britain a third.