Tuesday , May 17 2022

CIAN applied for a IPO in New York :: Business :: RBC


One of the largest online services for renting and selling real estate in Russia announced its publishing plans earlier this year. The company plans to list shares on the New York and Moscow stock exchanges

Photo: Alexey Zotov / TASS

Photo: Alexey Zotov / TASS

CIAN Real Estate Rental and Selling Service has filed registration documents with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) on the New York Stock Exchange (NYSE), which follows from the materials of the company.

As part of the IPO, it is planned to place US depository shares (ADS) of Cian plc (the service holding company). They will negotiate with the CIAN ticker. Location parameters, such as number of shares and price range, have not yet been determined.

The material also says the company plans to apply for an ADS listing in Mosbirge.

The placement is organized by Morgan Stanley, Goldman Sachs International, JPMorgan, BofA Securities, Renaissance Capital, Raiffeisenbank, Tinkoff and VTB Capital.

From the project to the agreement, it follows that Goldman Sachs will act as the selling shareholder and that Raiffeisenbank, in turn, is a creditor of CIAN and the company may use part of the funds raised for the IPO to pay the shares. obligations you have.

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