Ozon Holdings PLC (OZON) plans to raise $750 million in an initial public offering on Tuesday, November 24th, IPO Scoop reports. The company plans to issue 30,000,000 shares at $22.50-$27.50 per share.
In the last 12 months, Ozon Holdings PLC generated $1.2 billion in revenue and had a net loss of $282.7 million. The company has a market cap of $4.4 billion.
Morgan Stanley, Goldman Sachs, Citigroup and UBS Investment Bank served as the underwriters for the IPO and Sber CIB, VTB Capital and RenCap were co-managers.
Ozon Holdings PLC provided the following description of their company for its IPO: “(Note: Ozon is sometimes called “Russia’s Amazon.” Total revenue and net loss figures in this profile are for the last 12 months, with reporting period ended Sept. 30, 2020, in billions of Russian roubles, according to the prospectus and then translated into the US dollar.) We believe that we are one of the pioneers of e-commerce and the most recognized e-commerce brand in Russia. We offer same-day delivery services in Moscow and in parts of the Moscow region and Saint Petersburg and next-day delivery coverage for over 40% of the Russian population as of Sept. 30, 2020. Our brand has become synonymous with online shopping for our approximately 11.4 million active buyers in Russia in the 12 months ended Sept. 30, 2020. Our mission is to transform the Russian consumer economy by offering the widest selection of products (everything from fresh food and car parts to electronics, home decor, children’s toys and other items) as well as the best value and maximum online shopping convenience (via smartphone app and online) among Russian e-commerce companies, while empowering sellers to achieve greater commercial success. For management purposes, our business is organized into two operating segments: *Ozon.ru, which is comprised of sales of multi-category consumer products through our Shopping App and our Ozon website, and which represents over 97 percent of our revenue for the year ended Dec. 31, 2019, and over 99 percent of our revenue for the nine months ended Sept. 30, 2020; therefore, we present Ozon.ru as the only reportable operating segment, and *Ozon.travel, which includes sales of airline and train tickets through our Ozon.Travel mobile app and our Ozon.Travel website. “.
Ozon Holdings PLC was founded in 1999 and has 13432 employees. The company is located at Arch. Makariou III, 2-4 Capital Center, 9th floor 1065, Nicosia Cyprus and can be reached via phone at +357 22 360 000 or on the web at http://www.ozon.ru/.
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