Russian online retailer Ozon may consider an initial public offering (IPO) in tw...
ST PETERSBURG - Russian online retailer Ozon may consider an initial public offering in two years once it has increased its share of the Russian e-commerce market, boosted sales growth and improved infrastructure, its chief executive said.
The company raised 10 billion rubles in April from its largest shareholders, Russian conglomerate Sistema and private equity fund Baring Vostok, to build up its warehouse infrastructure, IT platform and financial services. Ozon has benefited indirectly from the Alibaba’s entry to the Russian market as this move has helped Russians to get used to online shopping in general, Shulgin said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia intercepts US aircraft flying over the Mediterranean SeaA Russian aircraft intercepted a US aircraft flying in international airspace over the Mediterranean Sea three times in just under three hours Tuesday, according to the US 6th Fleet.
Read more »
U.S. seeks Russian support on Iran at key Israel meeting: sourceThe United States believes Russia may be more amenable than in the past to addre...
Read more »
Russia halts UN Security Council statement on Syria's IdlibThe Kremlin also rebuffed criticism from US President Donald Trump of Russian and Syrian military action in Idlib, saying it was needed to shut down rebel attacks being launched from there.
Read more »
Oil prices fall on surprise U.S. stocks rise, Russia supply commentsOil prices resumed their slide on Wednesday, dragged down by an unexpected gain ...
Read more »
Ex-U.S. Marine held by Russia in spy case illegally isolated: activistsA former U.S. Marine held in Russia on suspicion of spying is being illegally is...
Read more »
Russian, Saudi energy ministries to meet on June 10 in MoscowRussia and Saudi Arabia's energy ministers, Alexander Novak and Khalid al-F...
Read more »