Russian online retailer Ozon is planning to list on the U.S. stock exchange after seeing substantial growth due to the boom in e-commerce during the coronavirus pandemic. “The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions,” said the company in a statement.
Ozon saw a growth of more than 100% in the first quarter this year and nearly 200% in the second. Its main shareholders are the private equity firm Baring Vostok Capital and AFK Sistema, a conglomerate controlled by businessman Vladimir Yevtushenkov.
