Initial public offering (IPO) launch ceremonies in shares of the CIAN real estate ad aggregator were held at the Moscow Exchange and the New York Stock Exchange (NYSE). The volume of placement amounted to 18.213 million American depositary shares (ADS): the holding itself, as part of the IPO, placed 4.042 million new ADS, and the current shareholders are selling 14.171 million ADS. The offer price was $ 16.
The selling shareholders gave the IPO underwriters a 30-day call option for up to 2.73 million shares. The IPO is scheduled to close on November 9.
Based on the placement price, the capitalization of CIAN is $ 1.1 billion. Earlier it became known that the placement of shares was organized by Morgan Stanley, Goldman Sachs International, JP Morgan, BofA Securities, Renaissance Capital, VTB Capital, Raiffeisenbank, Tinkoff and Alfa CIB.
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