Price range for Ozon Pharmaceuticals IPO set at 30-35 rubles per share

SAMARA. Oct 11 (Interfax) - The price range for the IPO of PJSC Ozon Pharmaceuticals has been set at 30-35 rubles per share, which is in line with capitalization of 30-35 billion rubles, excluding funds from the additional issue, the pharmaceutical company said.

Investors will be offered only shares issued as part of the additional issue at up to 10% of the authorized capital. The board of directors will set the IPO price based on the results of bookbuilding from October 11 to 16, 2024.

Trading in the company's shares listed on the Moscow Exchange is expected to begin on October 17, 2024, under the OZPH ticker.

Sinara Bank will be the seller during placement of the shares from October 17 to 28.

The company's shareholders and their affiliates will commit to a standard lock-up period of 180 days as part of the IPO. The IPO will include a stabilization mechanism of up to 15% of the offer amount that will be in force for 30 days after the start of trading.

As reported, the company officially announced its intentions on October 8 to hold an IPO on the Moscow Exchange, and that the funds raised would be allocated to implement a long-term development strategy, reduce the debt burden, as well as other overall corporate goals.