Cian PLC (CIAN) IPO Opens 9% Higher

Today's IPO for Cian PLC (NYSE: CIAN) opened for trading at $17.40 after pricing 18,213,400 American Depositary Shares (the “ADSs”), each representing one ordinary share of Cian, 4,042,400 of which are being offered by Cian and 14,171,000 of which are being offered by certain selling shareholders of Cian (the “Selling Shareholders”), at a price to the public of $16 per ADS.

Morgan Stanley, Goldman Sachs International, and J.P. Morgan are acting as joint lead book-running managers for the IPO. BofA Securities, Renaissance Capital, VTB Capital, Alfa CIB, AO Raiffeisenbank and Tinkoff are acting as joint bookrunners.

Cian is a leading online real estate classifieds platform in the large, underpenetrated and growing Russian real estate classifieds market, with a strong presence across Russia and leading positions in the country’s key metropolitan areas. Since its inception in 2001, Cian has become a household brand in the Russian real estate and a premier destination for property searchers, real estate agents, developers, private sellers and other real estate market participants. The Company ranks among the top ten most popular online real estate classifieds globally in terms of traffic (based on SimilarWeb traffic data for other online real estate classifieds and Google Analytics data for Cian for September 2021). Cian’s networked real estate platform connects millions of real estate buyers and renters to millions of high-quality real estate listings of all types — residential and commercial, primary and secondary, urban and suburban. In the first half of 2021, the Company had over 2.1 million listings available through its platform and an average UMV of over 20 million. Through its technology-driven platform and deep insights into the Russian real estate market the Company provides an end-to-end experience for its customers and users and helps them address multiple pain points on their journey to a new home or place to work.

You May Also Be Interested In

• Londian Wason New Energy Tech opens at $26, above IPO price of $22
• Lyntris (LYNX) files for 24M share IPO at $19-$22/sh
• AbCellera prices $200M public offering of shares and warrants