By Olga Popova and Alexander Marrow
MOSCOW (Reuters) - Russian online retailer Ozon has filed for an initial public offering (IPO) in the United States, it said on Tuesday, which financial market sources said could raise at least $500 million for the company's expansion.
The fast-growing company, which sells everything from white goods to children's clothes and has benefited from the boom in e-commerce during the COVID-19 pandemic, has been considering an IPO for some time.
Ozon intends to list its American depositary shares (ADSs) on the Nasdaq Global Select Market. No pricing terms were disclosed but United States-based IPO research firm Renaissance Capital and two financial market sources estimated that Ozon could raise at least $500 million.
The company indicated a maximum size of $100 million for the ...
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