MOSCOW- The books for Russian online retailer Ozon's U.S. initial public offering (IPO) are covered with bids worth $825 million from Russian investors, three financial market sources told Reuters on Wednesday.

Ozon is aiming to raise close to $1 billion to capitalise on an e-commerce boom in Russia due to the coronavirus pandemic.

(Reporting by Olga Popova; Writing by Alexander Marrow; Editing by Edmund Blair) ((alexander.marrow@thomsonreuters.com;))