Ozon expects to list on Nasdaq by the end of November

The placement of the Russian online retailer Ozon on the American Nasdaq will take place before the end of November, learned . Forbes

According to the publication, the organizers of the IPO expect that the collection of applications will begin on November 18, and trading in Ozon shares will open on November 25, and the listing will also be on the Moscow Exchange. This is the desired scenario, a source close to the organizing bank of the IPO confirmed.

The day before, the publication learned the valuation of several IPO underwriting banks in a wide range from $4 to $12 billion. If Ozon is placed on the upper boundary, the company will be one third more expensive than the main asset of its co-owner Vladimir Yevtushenkov, the mobile operator MTS (capitalization on the NYSE is $8 billion). Initially, Ozon expected to attract about $500 million, but the volume of placement can be increased up to $750 million, sources say.

The story of the creation of the "Russian Amazon" The Bell told here .