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Russia’s Ozon raises $990M in US IPO

Russian e-commerce company announced that it has for its public market debut on Nasdaq at $30 each,  above the projected range of between $22.50 and $27.50.

Shares rose further in first-day trading, closing up 22 percent at just over $40 per share.

The offering raised a whopping $990 million for the Moscow-based company, with and serving as lead bookrunners.

Founded in 1998, Ozon is majority-owned by Russian conglomerate and a group of funds. The company describes itself as the largest multicategory player in the Russian e-commerce space.

Funding rounds

• China’s Manbang raise $1.7B for truck hailing: China-based , provider of a truck-hailing platform, in its latest funding round, led by , , and .
• Current inks $131M for banking services: Challenger bank , based in New York, announced a $131 million Series C round led by . The mobile bank has now raised more than $180 million in total funding and a valuation of $750 million.
• Percepto raise $45M for autonomous inspection tech: Israel-based , developer of autonomous drone technology for inspection and surveillance, raised $45 million in a Series B round led by . The company also announced a joint project involving Spot, an agile mobile robot developed by .
• Well Health secures $45M for patient engagement: , a Santa Barbara-based digital health company focused on patient communications, raised $45 million in Series C funding round led by That brings total funds raised to $75 million since its founding in 2015.
• WithMe Health secures $20M for medication guidance: , a San Mateo-based medication guidance company, closed on a Series B financing round of $20 million led by 1, with participation from existing investor and new investors, and.
• Glue raises $8M for corporate messaging: Israel-based , the automatic loyalty management platform for small businesses, announced $8 million in Series A funding led by .
• Lightspin launches with $4M seed funding: , the Israel-based cloud infrastructure security provider, came out of stealth after closing a $4 million seed funding. The round was led by and included participation from private angel investors. 
• Quiqup closes new $5.5M round: , a United Arab Emirates-based delivery tech startup, announced a $5.5 million funding round led by . The round also included support from strategic shareholders , and .
• Salla bags $8.5M for e-commerce platform: Saudi Arabia-based , a platform that enables users to set up an e-commerce store in Arabic, raised $8.5 million, led by , joined by and , to expand its footprint within the Middle East.

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