Cian PLC (CIAN) IPO Opens 9% Higher

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Go back to Cian PLC (CIAN) IPO Opens 9% Higher

Cian Announces Pricing of Initial Public Offering

November 5, 2021 2:00 AM EDT

LARNACA, Cyprus--(BUSINESS WIRE)-- Cian PLC (Cian or the Company), a leading online real estate classifieds platform in Russia, announced today the pricing of its initial public offering (the IPO) of 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. The Selling Shareholders have also granted the underwriters of the IPO a 30-day option to purchase up to an additional 2,732,010 ADSs, at the initial public offering price, less... More