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Cian (NYSE:CIAN) runs quite an innovative business model, and delivers even triple digit sales growth in certain regions. With that, in my view, market participants dislike the stock because of the recent impairment of intangible assets acquired from N1 Group. I do celebrate the new acquisitions announced in 2022, and expect some others. However, I see many risks, which may push the stock price even more to the downside. I am not only considering eventual sanctions from Europe or the United States, but also eventual cyber-attacks to Cian’s online platform. In sum, I appreciate Cian’s business, but I see too many risks in the current environment.
Cian Reports Triple Digit Listing Revenue Growth In Some Regions
Cian is an online real estate classifieds platform in the Russian real estate classifieds market.
The company targets a massive market of more than $6 billion, and is an innovative group, which could bring significant revenue generation in the future:
Prospectus
The most recent numbers were quite beneficial. The company appears to be delivering 41% sales growth, and listing revenue growth close to 48%. Cian’s mortgage marketplace…
