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Russian online retailer Ozon expects to raise up to $825 mln in U.S. IPO

The company, which filed its registration statement for the IPO earlier this month, said it expects to price the offering of 30 million American depositary shares (ADS) between $22.50 and $27.50 apiece. Ozon plans to list the shares on the Nasdaq Global Select Market under the symbol "OZON".

Reuters | Moscow | Updated: 18-11-2020 03:24 IST | Created: 18-11-2020 03:14 IST
Russian online retailer Ozon expects to raise up to $825 mln in U.S. IPO
Representative image Image Credit: StoryBlocks

Russian online retailer Ozon Holdings is looking to raise up to $825 million from a U.S. initial public offering (IPO), it said in a regulatory filing on Tuesday. The company, which filed its registration statement for the IPO earlier this month, said it expects to price the offering of 30 million American depositary shares (ADS) between $22.50 and $27.50 apiece.

Ozon plans to list the shares on the Nasdaq Global Select Market under the symbol "OZON". Like most e-commerce firms, Ozon has recorded increased online orders during the COVID-19 pandemic as lockdown measures keep people at home.

The company is considering listing its ADS in Moscow along with or shortly after its U.S. IPO, Reuters had reported.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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