Ozon (company)

Ozon.ru
Company typePublic company
Nasdaq: OZON
IndustryE-commerce, technology, retail
Founded1998; 26 years ago (1998)
Headquarters
Moscow
,
Russia
Area served
Russia, Belarus, Kazakhstan, Uzbekistan, Kyrgyzstan, and Armenia
Revenue
  • Increase RUB 277,115,000,000
[1] (2022)
  • Decrease RUB -58,856,000,000
 (2021)
  • Decrease RUB -58,187,000,000
[1] (2022)
Total assets
  • Increase RUB 284,821,000,000
[1] (2022)
Number of employees
45,854 (2021)
Websitecorp.ozon.com

Ozon is one of the first e-commerce companies in Russia, sometimes referred to as "the Amazon of Russia."[2][3][4] Established in 1998 as an online bookstore, Ozon was one of the three biggest online retail platforms in the country by 2019.[5] It was named as the #3 most valuable Russian internet company of 2020 by Forbes.[6]

Ozon is part of Ozon Group, which also owns the online travel booking platform Ozon. Travel and a stake in Russia's largest digital bookstore Litres.[7][8] The current chief executive officer of Ozon is Alexander Shulgin, who joined the company after serving as chief financial officer and later chief operating officer of Yandex.[9][10]

In October 2020 it was reported that Ozon plans to hold an IPO in the United States that could value the company at $3-5 billion.[11] In November 2020, Ozon went public on the Nasdaq in an IPO that valued the company at $6.2 billion.[12] Following the Russian invasion of Ukraine in February 2022, Nasdaq suspended trading in the company's securities and then announced its intention to delist. Ozon unsuccessfully appealed twice, and in October 2023 announced a voluntary delisting.[13]

  1. ^ a b c "Ozon Reports Unaudited Fourth Quarter and Full Year 2022 Results" (PDF). Retrieved 2023-09-28.
  2. ^ "The Amazon of Russia Is Building Its Own UPS—While Battling the Black Market". Wired. 2014-05-30. ISSN 1059-1028. Retrieved 2020-09-04.
  3. ^ "Ozon: Russia's Answer To Amazon Prepares For Clouds, Won't Tackle 'Kindle' Soon, Says CEO". TechCrunch. 4 September 2012. Retrieved 2020-09-04.
  4. ^ "Sistema Interested in Buying Ozon Stake". Wall Street Journal. 2013-11-26. ISSN 0099-9660. Retrieved 2020-09-07.
  5. ^ Aris, Ben (2019-09-10). "Ozon Battling It Out for E-Commerce Supremacy in Russia". The Moscow Times. Retrieved 2020-09-04.
  6. ^ "30 самых дорогих компаний Рунета. Рейтинг Forbes". Forbes.ru (in Russian). 24 February 2021. Retrieved 2021-02-25.
  7. ^ "Ozon acquires stake in LitRes, the leading Russian e-book store". East-West Digital News. Retrieved 2020-09-08.
  8. ^ Henni, Adrien (2019-05-09). "Russian online retailer Ozon plans a tenfold logistic expansion after record growth". Digital Commerce 360. Retrieved 2020-09-04.
  9. ^ "Alexander Shulgin, Internet Solutions OOO: Profile and Biography". Bloomberg.com. Retrieved 2020-09-08.
  10. ^ "Yandex appoints CFO Shulgin in charge of Russian business". TASS. Retrieved 2020-09-08.
  11. ^ Kantchev, Georgi (2020-10-01). "Russian Online Retailer Ozon Group Prepares American IPO". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-10-21.
  12. ^ "Russia Online Retailer Ozon Raises $990 Million in U.S. IPO". Bloomberg.com. 2020-11-24. Retrieved 2020-11-25.
  13. ^ "Ozon приступил к добровольному делистингу с американской биржи NASDAQ". RBC (in Russian). 2023-10-20.