About: http://data.cimple.eu/news-article/7b3345ab0689b04236d7b15d616152a87093e4c7c74bb2ca427f4837

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About: http://data.cimple.eu/news-article/7b3345ab0689b04236d7b15d616152a87093e4c7c74bb2ca427f4837 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Russian online retailer Ozon is looking to raise nearly $1.0 billion in a US initial public offering (IPO), according to regulatory paperwork filed Tuesday. The online giant, which reported growth of 142 percent year-on-year in the first nine months of 2020, is aiming to capitalise on the boom in e-commerce during coronavirus lockdowns. According to a prospectus submitted to the US Securities and Exchange Commission (SEC), the Russian retailer will be issuing 34.5 million American depositary shares (ADS) on the Nasdaq stock exchange at between $22.50 and $27.50. Ozon's main shareholders -- the Baring Vostok investment fund and Sistema, a conglomerate controlled by businessman Vladimir Yevtushenkov -- will be purchasing additional shares worth $135 million. The e-commerce giant -- frequently dubbed Russia's Amazon -- said it could raise as much as $948.8 million, according to the prospectus. A report by the independent Russian news website The Bell suggested that the company could be valued at up to $5.5 billion, a figure at the higher end of initial predictions by the Wall Street Journal. Although the date of the IPO has not been set, Forbes Russia reported that it could take place next week. Ozon is also considering a listing on the Moscow stock exchange. On Tuesday, Ozon confirmed that it had settled an undisclosed corporate dispute with Sberbank, Russia's largest bank, for $1.0 billion roubles ($13.2 million). The fast-growing online retailer will be one of the few Russian companies to get a listing on international stock markets in recent decades. Russia's e-commerce market has experience booming sales in recent years and a number of large groups, including Sberbank and China's Alibaba, have tried to move into the market by teaming up with local internet giants Yandex and Mail.ru. acl/emg/bmm
schema:headline	Russian e-retailer Ozon eyes nearly $1bn in US IPO
schema:mentions	NASDAQ Alibaba Group Sberbank of Russia Electromyography E-commerce Media conglomerate Initial public offering U.S. Securities and Exchange Commission The Wall Street Journal Forbes Russia China Coronavirus Astrophysics Data System Vladimir Yevtushenkov Moscow Exchange Mail.Ru Yandex American depositary receipt Access-control list Prospectus (finance) Amazon Music Investment fund
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-18 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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