Ozon Stock Surges 34% in IPO in U.S. Why the Russian Online Retailer Is Offering Growth but Not Profits.

Craig Mellow

“This is probably the most exciting IPO Russia has ever had in terms of investor interest,” says Jacob Grapengiesser, a partner at East Capital. Ozon priced 33 million shares at $30 each, the company said Tuesday, and surged 34% in the first day of trading, closing at $40.18. Ozon (ticker: OZON) is hardly fresh out of its garage.