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Russian E-Commerce Platform Provider OZON HOLDINGS Raised $990 Million

Esther Thin

Ozon Holdings Plc, a Russian e-commerce platform, raised $990 million by offering 33 million ADSs at $30, well above the proposed range of $22.50 to $27.50.

The company is an online retailer in Russian that offering the widest selection of products, best value and maximum online shopping convenience among Russian e-commerce companies, while empowering sellers to achieve greater commercial success.

The Nicosia, Cyprus-based company was founded in 1998 and booked $1.1 billion in sales for the 12 months ended September 30, 2020. It plans to list on the Nasdaq Global Select Market under the symbol “OZON.” Morgan Stanley, Goldman Sachs, Citi, UBS Investment Bank, Sberbank, VTB Capital and RenCap Securities are underwriters of the IPO.

The company engages Antis Triantafyllides & Sons LLC as US Securities Counsel, and JSC “KPMG” as Independent Auditor.

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