Ozon files documents for IPO to SEC

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AK&M 05 October 2020 22:53

Ozon has filed IPO documents to the U.S. Securities and Exchange Commission. The number of shares to be offered and the price range of the proposed offering have yet to be determined, the company informed.

The IPO is expected to be kicked off after the SEC completes the review, depending on the market and other conditions.

Ozon is an online retailer founded in 1998. In 2014, Sistema and MTS acquired 20% of the retailer's shares. In 2019, the company's value was estimated at 694 million.