OZON News

The US IPO market seems to be hitting the pause button to recognize the holidays, with no companies on the calendar to price in the coming week. However, there is still a possibility that certain SPACs or Chinese deals launch early in the week to price by Christmas Eve. Though launches and pricings may take a brief respite, we will be on the lookout for filings over the holiday...read more

The IPO market remained active during the shortened holiday week, with three IPOs and seven SPACs raising total proceeds of $2.5 billion. The week was led by Russian e-commerce platform Ozon Holdings (OZON), which upsized and priced above range to raise $990 million at a $5.4 billion market cap. Backed by private equity firm Baring Vostok and Russian...read more

Ozon Holdings, a leading Russian e-commerce platform, raised $990 million by offering 33 million ADSs at $30, well above the range of $22.50 to $27.50. The company offered 3 million more ADSs than anticipated. Existing shareholders Baring Vostok Capital Partners and Sistema planned to purchase an additional $135 million worth of ADSs in a concurrent private placement. At...read more

The IPO market is taking a break during the shortened Thanksgiving week, with just one IPO and a few SPACs scheduled to raise at least $900 million. Russian e-commerce company Ozon Holdings (OZON) plans to raise $750 million at a $4.4 billion market cap. Backed by private equity firm Baring Vostok and Russian conglomerate Sistema, Ozon is a direct play on the...read more