Today Ozon announced the completion of its IPO, which started triumphantly on Nov. 24. In total, 37,950,000 ordinary shares represented by American depositary shares (ADSs) were acquired by new investors, including those corresponding to purchase options exercised by underwriters.
Taking into account the private placements and other subscriptions from Ozon’s existing shareholders, Baring Vostok and Sistema, the company has issued in total 42,450,000 new ordinary shares.
The e-commerce major received gross proceeds of $1.27 billion, or net proceeds of $1.20 billion.
When it filed for the IPO in early November, Ozon expected to raise just around $500 million.
As result of these transactions and exercises of outstanding convertible loans in December 2020, Ozon has a total of 208,202,929 ordinary shares on a fully diluted basis, which are split as follows:
The Ozon ADSs are listed on the NASDAQ and the Moscow Exchange.
