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Details

Name CIAN
Placement specification ADR
Placement type IPO
Subscription type Public offering
Start of placement 28.10.2021
Status Completed
End of placement 09.11.2021
Placement amount 18 213 000
Placement volume, mln. USD 291
Upper bound, USD 16.00
Lower bound, USD 13.50
Offering price, â USD 16.00
Trading floor NYSE
Investment banks Bank of America, Goldman Sachs, JP Morgan, Morgan Stanley, Raiffeisenbank, Renaissance Capital, Tinkoff bank, VTB Capital
Capitalisation at the moment of placement, mln. USD 1 100
Industry Real estate and property development, Technologies, telecommunications and media
Prospectus

Additional information

05.11.2021 Cian PLC, a leading online real estate classifieds platform in Russia, announced today the pricing of its initial public offering of 18,213,400 American Depositary Shares, 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, 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 underwriting discounts and commissions.

The ADSs are expected to begin trading on the New York Stock Exchange and the Moscow Exchange on November 5, 2021 under the symbol “CIAN.” The offering is expected to close on November 9, 2021, subject to customary closing conditions.

This issuer is a portfolio company at the PE&VC funds

Elbrus Capital Private Equity Fund I (Renaissance Private Equity Fund I) [Holding]
Goldman Sachs [Exited]

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