Company News

Russia's Ozon wants dual listing in Moscow and U.S. -sources

MOSCOW, Nov 3 (Reuters) - Russian online retailer Ozon is considering listing its American depositary shares in Moscow along with or shortly after its planned initial public offering (IPO) in the United States, three sources familiar with the plans told Reuters.

Ozon on Tuesday filed for the U.S. IPO, which financial market sources said could raise at least $500 million for the company’s expansion.

A parallel Moscow listing could attract Russian investors, sources said, though it would be a technical listing only with no additional shares offered, the sources said.

Ozon declined to comment. (Reporting by Olga Popova Writing by Katya Golubkova Editing by David Goodman)