Today Russia is adding two new names from the online sector to its benchmark stock market index (‘MOEX index’) as technology firms lead a diversification drive on the stock market, long skewed towards the dominant commodities industries. In a symbolic shift away from commodities, Internet major Mail.ru Group – which is also listed on the London …
Tech sector drives diversification of Russian stock market Read More
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 …
Just days after the triumphant NASDAQ IPO of Ozon, a leading Russian e-commerce company, another Russian digital major, ivi.ru, has started the registration procedure for a US IPO. No IPO-related documents related to Cyprus-registered company ‘ivi.ru Media Ltd’ are available yet on the SEC’s website, but two unnamed sources “close to the company” confirmed, in an …
Media reports: Online video service ivi.ru starts NASDAQ registration procedure Read More
Shares in Russian online retail giant Ozon surged by more than 40% today in the first minutes of trading after the most eagerly anticipated Russian initial public offering (IPO) in years. The first-day jump gives Ozon a valuation of more than $7 billion in what analysts saw as a wildly successful launch. Interest in Ozon’s …
NASDAQ IPO: Ozon shares jump 40% in first minutes of trading Read More
Last week Global Fashion Group (GFG), an international online fashion group focusing on growth markets – including Russia and neighboring countries where the group is represented by Lamoda – raised some €120 million in gross proceeds. The group issued new shares on the Frankfurt Stock Exchange, where it is has been listed since July 2019. These 16.5 million shares were placed with institutional …
Ozon, the leading multi-category e-commerce platform in Russia, filed today an amended version of the SEC registration statement for its NASDAQ IPO. The company will go public at a valuation of $4.6 billion to $5.6 billion, Financial Times reports from unnamed sources “familiar with the plans.” This is is more twice as high as the underwriters’ initial highest estimates, …
Amid strong investor demand, Ozon hopes to raise up to $1 billion in US IPO Read More
Ozon, Russia’s leading multi-category e-commerce company, announced yesterday it has filed for an initial public offering (IPO) in the United States (see prospectus), one month after starting the registration procedure. The company intends to list its American depositary shares (ADS) on the NASDAQ. No pricing terms were disclosed, but Reuters reported that Ozon “could raise at least …
Ozon files for NASDAQ IPO, aims to raise $500 million Read More
The proposed megamerger between Russia’s leading technology company Yandex and fast-growing challenger bank Tinkoff has been scrapped. In an announcement to the London Stock Exchange — where Tinkoff’s holding company TCS is listed — the bank said negotiations between the two sides had been “terminated, effective immediately.” Yandex and Tinkoff previously announced they had reached an “agreement …
Tinkoff scraps $5.5 billion deal with Yandex, shares plunge Read More
Russian sovereign wealth fund RDIF, China’s Tencent and Prosus (part of the Naspers Group), alongside other major strategic investors, have participated in Mail.Ru’s $600 million offering of global depository receipts (GDRs) and convertible bonds. The LSE-listed company will use the proceeds from the offering to develop, in particular, two joint ventures: O2O, which Mail.Ru launched …
Naspers, Tencent and RDIF buy Mail.Ru’s GDRs and bonds Read More
Ozon, Russia’s leading multi-category e-commerce company, aims to go public later this year or in early 2021, the company announced Friday, and has started the registration procedure for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). The company did not provide any details on the potential placement but, according to …
Russian digital majors Ozon and ivi.ru plot US IPOs Read More
Russia’s Internet and telecom regulator Roskomnadzor has added Binance, the world’s largest crypto exchange, to the list of blacklisted websites in the country. The exchange was blacklisted on June 2, 2020, but Binance became aware of this only on September 24th, after receiving communication from Roskomnadzor. Binance said on its Russian Telegram channel it was …
According to an announcement by Mail.ru Group on the London Stock Exchange, the Internet company plans to raise $600 million: $200 million in global depositary receipts (GDRs) to raise capital and $400 million in convertible bonds. Mail.ru Group will use this money to develop and support the business and finance future transactions, especially in areas that have …
Mail.ru Group plans to raise $600 million on London Stock Exchange Read More
