Russian real estate search service Cyan prepared to enter the IPO in New York and filed registration documents to the US Securities and Exchange Commission (SEC). Also planned listing of American depository shares (ADS) on the Moscow Exchange. It is reported by RBC with reference to the company’s materials.
It is still known that the company’s securities will bargain under the CIAN ticker. Parameters of placement, the number of shares and price range are not yet indicated.
Cyan’s plans to go out on the stock exchange became known in August 2021. The organizers of the accommodation are Morgan Stanley, Goldman Sachs International, Jpmorgan, Bofa Securities, Renaissance Capital, Raiffeisenbank, Tinkoff and VTB Capital.
Cyan’s lender will be Raiffeisenbank: a part of the fund attracted during IPO can put on repayment of obligations to him. According to Reuters Cyan can attract about 300 million dollars.