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Cian Priced, NYSE: CIAN

Provides a platform for online real estate listings and other services in Russia.

Industry: Real Estate

Latest Trade: $3.40 0.00 (0.0%)

First Day Return: +10.1%

Return from IPO: -78.8%

Industry: Real Estate

We are a leading online real estate classifieds platform in the large, underpenetrated and growing Russian real estate classifieds market, ranking among the top ten most popular online real estate classifieds globally, based on the September 2021 Google Analytics traffic data for Cian and SimilarWeb traffic data for other online real estate classifieds. Since our founding in 2001, we have become the most recognized and trusted real estate classifieds brand in the most populous Russian regions, according to the Frost & Sullivan Report, and have expanded our business beyond online real estate classifieds listings to offer additional products and services, which turn real estate searches and transactions into a seamless, transparent and efficient experience. Our mission is to use technology and deep insights into the Russian real estate market to help people on the journey to their perfect new place to live or work. We operate in the Russian real estate market, which, according to the Frost & Sullivan Report, represented approximately $238 billion in 2020 and is only starting to digitalize. Being at the forefront of this digitalization trend and, as we believe, being one of the major driving forces behind it, we see an immediately addressable market opportunity of approximately $6 billion, which comprises real estate agents’ commissions, developers’ advertising budgets as well as adjacent markets, including mortgage advertising and digital services facilitating transactions.
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IPO Data
IPO File Date 10/13/2021
Offer Price $16.00
Price Range $13.50 - $16.00
Offer Shares (mm) 18.2
Deal Size ($mm) $291
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/04/2021
Offer Price $16.00
Price Range $13.50 - $16.00
Offer Shares (mm) 18.2
Deal Size ($mm) $291
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
Goldman Sachs
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Company Data
Headquarters Moscow, Russia
Founded 2001
Employees at IPO 756
Website www.cian.ru

Cian (CIAN) Performance