Russian online retailer Ozon to raise about $750 million in IPO: sources

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FILE PHOTO: A view shows the pick-up point of the Ozon online retailer in Moscow, Russia March 16, 2020. REUTERS/Evgenia Novozhenina

(Reuters) – Russian online retailer Ozon plans to raise about $750 million in an initial public offering (IPO) in the United States, three financial market sources told Reuters.

Sources said this month that the company, which has already filed for an IPO, had planned to raise at least $500 million for the company’s expansion.