Russian e-commerce firm Ozon notifies Nasdaq of delisting intention
© Reuters. FILE PHOTO: A view shows the pick-up point of the Ozon online retailer in Moscow, Russia March 16, 2020. REUTERS/Evgenia Novozhenina/File Photo
Ozon, one of Russia's top e-commerce companies, raised nearly $1 billion in an initial public offering in late 2020, a debut that sparked a mini-IPO boom for Russian firms. "We have decided to independently delist our securities from the exchange as we have exhausted all available opportunities for appealing the delisting decision," Ozon said in a statement.
Ozon said it planned to file for voluntary delisting by Oct. 30, and that the delisting would not affect its operations.
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