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Cian plc is a leading online real estate classifieds platform in Russia, offering a comprehensive range of services for buying, selling, and renting properties. The company connects millions of users with real estate professionals through its user-friendly and feature-rich platform. Cian's core business revolves around providing accurate listings, market analysis, and real estate tools that cater to the needs of both individual users and industry specialists.
Cian has recently achieved significant milestones, including the expansion of its services into new regions and the enhancement of its platform with advanced technologies such as AI-driven property recommendations and virtual tours. The company is continuously working on improving user experience and expanding its database to ensure the most accurate and up-to-date information is available to its customers.
Financially, Cian has shown robust performance, with steady revenue growth driven by increased user engagement and strategic partnerships with key players in the real estate market. The company maintains a strong financial position, enabling ongoing investment in technology and market expansion.
Current projects include the development of mobile applications to provide seamless access to real estate services on the go, and the integration of big data analytics to offer deeper insights into market trends. Cian also collaborates with developers, agencies, and financial institutions to provide comprehensive solutions that facilitate real estate transactions.
In summary, Cian plc plays a pivotal role in the Russian real estate market by leveraging technology to connect buyers, sellers, and renters with the information and tools they need to make informed decisions. With a strong focus on innovation and customer satisfaction, Cian continues to lead the way in transforming the real estate landscape.
Cian PLC (NYSE: CIAN) reported strong financial results for Q4 and the full year 2022, demonstrating resilience amid market challenges. Q4 revenue rose 35% YoY to RUB 2,394 million ($34.0 million), and profit for the period was RUB 489 million ($7.0 million). Adjusted EBITDA surged 405% YoY to RUB 586 million ($8.3 million), with an EBITDA margin of 24.5%. For the full year, revenue increased 37% YoY to RUB 8,266 million ($117.5 million), and profit was RUB 480 million ($6.8 million). However, average unique monthly visitors fell 13% YoY to 17.9 million. The company received a delisting notice from NYSE on March 15, 2023, but is appealing the decision.
Cian PLC (NYSE: CIAN) has requested a review from the NYSE Committee regarding the delisting of its American depositary shares (ADSs) following a notice received on March 15, 2023. The review is set to occur 25 days post-request, with the delisting temporarily on hold. Cian asserts its compliance with NYSE listing criteria and reporting obligations. Despite the suspension of its securities trading since February 28, 2022, Cian's ADSs continue to trade on the Moscow Exchange. The company ranks among the top twelve global online real estate platforms, boasting 2 million listings and a monthly audience exceeding 18 million as of Q3 2022.
Cian PLC (NYSE: CIAN) has received a Delisting Notice from the NYSE, indicating plans to remove its American depositary shares (ADSs) from the exchange. This decision stems from a determination that the Company may not meet the criteria for continued listing, despite Cian asserting its compliance with NYSE regulations. The Company intends to appeal this decision, which may suspend the delisting process pending review. It's important to note that trading of Cian's ADSs was already suspended since February 28, 2022, and remains unaffected by this latest notice. Furthermore, Cian's business operations in Russia continue without direct sanctions impacting its activities.
The New York Stock Exchange (NYSE) has initiated proceedings to delist the American Depositary Shares (ADSs) of Cian PLC (ticker: CIAN). Trading in CIAN's ADSs has been suspended immediately. This decision follows a halt in trading on February 28, 2022, with NYSE Regulation determining that the company is unsuitable for continued listing under Section 802.01D of the NYSE Listed Company Manual. The NYSE will seek approval from the Securities and Exchange Commission to finalize the delisting. Cian PLC has the opportunity to appeal this determination with the NYSE's Board of Directors.
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