Ozon, one of Russia's top e-commerce companies, raised nearly $1 billion in an initial public offering (IPO) in late 2020, a debut that sparked a mini-IPO boom for Russian firms.
Trading in Ozon's securities on Nasdaq was suspended soon after Russia despatched troops to Ukraine in February 2022, as were Russian company listings on the London Stock Exchange.
"Our ADSs will not be delisted from Nasdaq until all available review and appeal procedures and periods available under the Nasdaq listing rules have expired," Ozon said in a statement.
In late July, Ozon's ADSs began trading on Kazakhstan's Astana International Exchange (AIX), a move that it said could increase liquidity, especially for international investors to trade its securities.
Russian recruiter Headhunter's securities have already been delisted from Nasdaq, but payments provider Qiwi (QIWI.O) and tech giant Yandex (YNDX.O) were thrown a lifeline to remain on Nasdaq, provided they divest entirely of their Russian assets.
Persons:
Ozon, Ozon's ADSs, Olga Popova, Alexander Marrow, Mark Potter
Organizations:
Nasdaq, Trading, London Stock Exchange, Kazakhstan's Astana International Exchange, Thomson
Locations:
Russia, Ukraine MOSCOW, Ukraine, Moscow, London