Cian Submits Redomiciliation Documents to Rehouse Itself in Russia

August 29, 2024
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Russian real estate giant Cian has filed to redomicile itself in its home country.

The portal, despite being a massive presence in Russia, is technically based in Cyprus under the ownership of Cian plc.

A new company, Cian Technology, was registered in the Seychelles this year, and took a 70% stake in Cian as part of a technical restructuring via a securities exchange.

Cian Technology now wants to redomicile itself in the city of Kaliningrad and become an international public joint-stock company (IPJSC).

The firm hopes to conclude the process by October 2024.

News of the re-registration bumped up Cian shares on the Moscow exchange by 8.5%. The firm was previously listed on the New York Stock Exchange but was delisted as a consequence of sanctions against Russia when it invaded Ukraine in 2022.

Cian grew revenues by 22% in its Q2 filing released last week.

August 29, 2024
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

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