The Sistema-backed e-commerce platform could reportedly raise up to $500m in an initial public offering potentially valuing it at as much as $5bn.
Russia-headquartered e-commerce marketplace Ozon officially filed for an initial public offering on the Nasdaq Global Select Market on Monday that would enable conglomerate Sistema to exit.
The offering could raise at least $500m for the company, two financial market sources told Reuters.
The company is also launching a private placement concurrently to the IPO. The Wall Street Journal reported last month it would pursue a valuation between $3bn and $5bn in the offering, and the sources told Reuters it…
