Real estate search service CIAN prepares for an IPO at the NASDAQ stock exchange this fall. During the IPO, the company plans to raise around $300-400 million.
According to SPARK-Interfax, CIAN's revenue at the end of last year amounted to $56.1 million (4.1 billion rubles), a 14% gain compared to 2019.
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The fact that CIAN may conduct an IPO on the American stock exchange became known at the beginning of this year. At that time, the partner of the investment fund "Elbrus Capital" Dmitry Kryukov, one of the main shareholders of the service, noted that CIAN can be estimated at about $1 billion.
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