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Ozon raised $990 million in its initial public offering on Nasdaq

November 25, 2020, 18:00 (UTC+3)|

On Tuesday, November 24, Russian online retailer Ozon conducted an initial public offering (IPO) on the NASDAQ exchange. The company sold 33 million shares to investors and raised $990 million. Ozon securities also started trading on the Moscow and St. Petersburg stock exchanges.

Ozon filed for an IPO in early October. In June, it was reported that Sberbank was in talks to buy a 30% stake in an online retailer, but negotiations on the deal were suspended, and Ozon's interests shifted towards an IPO.

Original (in Russian)



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