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Russia's CIAN applies for New York IPO to raise U.S. $100 million

MOSCOW, Oct 14 (PRIME) – Online rental aggregator CIAN has submitted documents for an initial public offering (IPO) on the New York Stock Exchange (NYSE) to raise U.S. $100 million, the company said in a statement on Thursday.

"This is the first public placement of Cian PLC shares … We plan to apply for the placement of our American depositary shares (ADS) on the NYSE under the ticker CIAN," the document read.

CIAN also said that it will apply for ADS placement on the Moscow Exchange.

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14.10.2021 08:53