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…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.