Ozon IPO: What Investors Should Know About The Amazon Of Russia
Jumia Technologies JMIA, an African e-commerce company, has risen 268% in 2020. A recent report pointed to Jumia being the next big thing for global e-commerce and compared its potential to the success stories of Alibaba, MercadoLibre MELI, and Sea Limited SE.
Benzinga’s Take: Ozon is the e-commerce play for Russia that resembles these other companies and could follow a similar success story.
The huge population of internet users and highly fragmented market could make a compelling case for Ozon to be a top-performing e-commerce stock over the next five years.
The company’s logistics business and growing services like travel and financial offerings are catalysts investors should watch.
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