Russian online retailer Ozon raises billion dollars IPO - Solid speculator premium in the market introduction of one of Russia's driving online business stages, Ozon, assisted the organization with raising more than $1.2 billion when it opened up to the world a month ago.

Ozon reported the consequences of its double first sale of stock (IPO) on the Nasdaq and the Moscow Exchange on Tuesday. As indicated by its assertion, the online monster gave 42.45 million new normal offers, including extra offers and the simultaneous private positions to the organization's key investor, AFK Sistema, and Baring Vostok Fund. Every one of the two organizations currently claims 33 percent of Ozon stock, while pre-IPO speculators hold 15.7 percent. More than 18 percent of the online business stage's offers were obtained by new speculators.

The posting turned into the primary Russian IPO on the US financial exchange since 2019 and was depicted as Russia's best IPO debut in almost 10 years by Bloomberg. Ozon got gross continues of $1,273.5 million (net continues of $1,200.5 million).

At the point when Ozon opened up to the world on November 24, it was exchanging at $30 per share and had twofold digit development in the primary hours. From that point forward, Ozon stock rose in excess of 50% and was exchanging at $48 per share on Tuesday.

Russian online retailer Ozon raises billion dollars IPO

Russian online retailer Ozon raises billion dollars IPO

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Russia boycotts imports of tomatoes and apples from Azerbaijan

Russia's agrarian guard dog has confined shipments of tomatoes and apples from Azerbaijan after irritations were found in the items. The ban comes into power on December 10.

Russia's Rosselkhoznadzor (Federal Service for Veterinary and Phytosanitary Surveillance) said in an assertion on Wednesday that it had over and again cautioned Azeri exporters about the rising number of "isolate objects" in the products of the soil supplies.

The guard dog prior said that the quantity of such cases had forcefully expanded in 2020 contrasted with the prior year. Vermin, for example, grapholita molesta, a moth that harms principally stone products of the soil critical monetary misfortunes, just as probably the biggest irritation of tomato plants in the Mediterranean and other warm pieces of Europe, the tomato leafminer, or tuta absoluta, were found in apple and tomato shipments from Azerbaijan.

Rosselkhoznadzor said it had recorded 17 such cases since October 22.

Azerbaijan is perhaps the biggest provider of tomatoes to Russia, with imports adding up to almost $190 million and representing around 33% of absolute inbound shipments of the organic product a year ago.

Baku has been amazed by Moscow's boycott, RIA Novosti revealed, refering to an individual acquainted with the issue. Almost 90% of Azerbaijan's fare incomes come from hydrocarbons deals, yet tomato trades are the main non-oil and gas items delivered from the Caspian state. As per Azerbaijan's traditions information, from January to October it sent more than 160,000 tons of tomatoes, over $173 million-worth, to unfamiliar purchasers.

Azerbaijan was by all account not the only nation that was liable to Russia's import freeze this month. Rosselkhoznadzor has likewise voiced wellbeing worries over Turkish tomato imports, yet they dodged a sweeping boycott, with just two areas confronting impermanent limitations beginning on Friday. Moscow forced comparable limitations on Wednesday on tomatoes and peppers from an area in Uzbekistan just as on an Armenian locale lining Turkey.