Cian PLC, an online real estate classifieds platform, has filed Amendment No 1 to Form F-1 Registration Statement on October 28, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $269 million by offering 18.2 million shares at a price range of $13.5 to $16. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $1 billion.
The company is the most recognized and trusted real estate classifieds brand in the most populous Russian regions, according to the Frost & Sullivan Report and has expanded its business beyond online real estate classifieds listings to offer additional products and services.
The Larnaca, Cyprus-based company was founded in 2001 and booked $69 million in revenue for the 12 months ended June 30, 2021. It plans to list on the NYSE under the symbol “CIAN.” Morgan Stanley, Goldman Sachs, J.P. Morgan, BofA Securities, Renaissance Capital, and VTB Capital are underwriters of the IPO.
The company engages Antis Triantafyllides & Sons LLC as US Securities Counsel, and AO Deloitte & Touche CIS as Independent Auditor.
#ipo #NYSE #realestate #CianPlc
Hexcellence Consulting has experienced IPO consulting team focus on listing in US Stock Market,
namely NYSE, Nasdaq and OTC Markets.
Should you interested to list your company in US Stock Market,
please contact us at [email protected]
