RUSSIAN CIAN FILES FOR THE NEW YORK IPO

RUSSIAN CIAN FILES FOR THE NEW YORK IPO

RUSSIAN CIAN FILES FOR THE NEW YORK IPO
CIAN real estate portal has applied for the New York Stock Exchange IPO. The registration documents were accepted by the American Securities and Exchange Commission.

It is not yet known exactly, how many shares CIAN will place - their placement will take place after the commission has checked all the documents.  We are talking about American depositary shares of Cian PLC (the CIAN’s company registered in Cyprus), but the listing is also planned on the Moscow Exchange.
It is assumed that it will be possible to raise $ 100 million through an initial public offering on the New York stock exchange.
The organizers are Tinkoff, Raiffeisenbank, VTB Capital, Goldman Sachs, J. P. Morgan, Morgan Stanley and others.  The main shareholders of CIAN are Goldman Sachs and Elbrus Capital, and a part of the company belongs to its founder Dmitry Demin and managers.

CIAN has the status of one of the largest Russian real estate search services.  Last year, its revenue amounted to 4.1 billion rubles, exceeding the indicators of 2019 by 14%.  CIAN's net profit is estimated at about 68 million rubles.

14.10.2021