Cian PLC

Cian PLC (CIAN) priced its initial public offering on Nov 8, 2021 at $16.00 per ADS, within its $13.50–$16.00 range, and listed on NYSE. At the IPO price its market capitalization was about $1.1B. Morgan Stanley was lead-left underwriter, joined by Goldman Sachs, J.P. Morgan and BofA Securities and others. Antis Triantafyllides & Sons and Latham & Watkins advised the company and Chrysses Demetriades & Co. and Skadden, Arps advised the underwriters.

Cian PLC operates an online real estate classifieds platform in Russia, founded in 2001. It has expanded beyond classifieds into a technology-enabled, networked real estate platform and is well recognized in the most populous Russian regions.

Status

IPO

Ticker

CIAN

Exchange

NYSE

Priced

Nov 8, 2021

IPO price

$16.00 per ADS

Price range

$13.50–$16.00

Market cap at IPO price

$1.1B

First filed

Oct 13, 2021

Underwriters

Morgan Stanley, Goldman Sachs, J.P. Morgan, BofA Securities and VTB Capital

Company counsel

Antis Triantafyllides & Sons and Latham & Watkins

Underwriters' counsel

Chrysses Demetriades & Co. and Skadden, Arps

Sector

Technology

Country / state

Cyprus

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.