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Cian Proposes Terms For $269 Million U.S. IPO

Nov. 01, 2021 2:07 PM ETCian PLC (CIAN)4 Comments


  • Cian PLC has filed to raise $269 million in a U.S. IPO.
  • The firm operates a leading residential and commercial real estate online portal in Russia.
  • CIAN has rebounded in revenue growth but is producing higher operating losses than ever, so I'll watch the IPO from the sidelines.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

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A Quick Take On Cian PLC

Cian PLC (NYSE:CIAN) has filed to raise $269 million in an IPO of its American Depositary Shares representing underlying ordinary shares, according to an F-1/A registration statement.

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Comments (4)

Why are they that deeply loss-making? Rightmove for instance is heavily profitable. REA as well…
@Klarminite they’ve charge for listings less than they can in Moscow and Saint-Petersburg and don’t charge in other cities at all. It will change soon
@Владимир Глушков do you have an idea what they currently charge and would the could in a few years out?
@Klarminite from CIAN F-1:

They expect to increase listing fees by 2,5x by 2025 from 3,3% to 8% of agents fees.
And there will be still room for growth:

According to Frost &Sullivan, Russian real estate agencies and agents allocated approximately 3.3% of their revenue to marketing in 2020 as compared to 16.0%, 12.9%, 10.4% and 9.9% in the U.S., U.K., Germany and Australia, respectively.
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