Russia Online Retailer Ozon Raises $990 Million in U.S. IPO
- Company sells shares for $30 each, above initial price range
- Ozon is the largest Russian company to list since EN+ in 2017
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Russian online retailer Ozon Holdings Plc will raise $990 million in its initial public offering in the U.S., taking advantage of demand for technology stocks amid the busiest fourth quarter for new listings since 1999.
Ozon priced 33 million shares at $30 apiece, the company said in a statement Tuesday. This exceeded guidance of $22.50 to $27.50 per share, while the offering size is 10% higher than initially planned. Ozon surged on its first trading day in the U.S. after the IPO. The shares were up 42% to $42.50 at 1:22 p.m. in New York.