Russian online retailer Ozon may consider an initial public offering (IPO) in two years once it has increased its share of the Russian e-commerce market, boosted sales growth and improved infrastructure, its chief executive Alexander Shulgin said.
Speaking on the sidelines of the St Petersburg economic forum, Alexander Shulgin said Ozon currently has a no more than 10% share of the fragmented Russian market.
The decision about the IPO will also largely depend on new capital raising from shareholders, Shulgin added.
Ozon may consider IPO in two years, says CEORead More
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