Sistema invested $67.5m in the e-commerce platform developer alongside an upsized initial public offering in which it floated above its range.
Russia-based online marketplace Ozon will go public on the Nasdaq Global Select Market today in a $990m initial public offering that will achieve an exit for diversified conglomerate Sistema.
The company increased the number of American depositary shares – each representing one common share – in the offering from 30 million to 33 million and priced them at $30.00 each, comfortably above the $22.50 to $27.50 range it had set.
Sistema and another Ozon shareholder, private equity firm Baring…
