Russian e-commerce firm Ozon’s ADS delisted from Nasdaq

Ozon, one of Russia's top e-commerce companies, raised nearly $1 billion in an initial public offering (IPO) in late 2020, a debut that sparked a mini-IPO boom for Russian firms. But trading in Ozon's securities on Nasdaq was suspended soon after Russia invaded Ukraine in February 2022, as were listings of Russian companies on the London Stock Exchange. Ozon said its reporting obligations under the U.S. Exchange Act were suspended as of Nov. 9 and that it expected their termination and deregistration with the U.S. Securities and Exchange Commission to become effective on Feb. 7, 2024.