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Files under: News, Tech
Posted by: Quintura @ 00:03 [29. 07. 10]
 Digital Sky Technologies‘ Russian investment holding, DST Russia, which owns online portal Mail.ru, ICQ, majority of social network Odnoklassniki.ru and other internet assets in Russia, is expected to do IPO of between 10% and 25% of its shares in London in spring 2011, according to both WSJ and Vedomosti newspapers. DST Russia could be valued at $6 billion, Vedomosti said, thus implying value of stake to be sold at IPO at between $600 million and $1,500 million.
DST hired investment banks Goldman Sachs, Morgan Stanley and JP Morgan to manage the IPO.
DST, which recently consolidated 100% stake in Mail.ru from Naspers, plans to consolidate 100% of Odnoklassniki.ru. In addition, DST holds significant minority stakes in social network Vkontakte.ru, online recruiting firm HH.ru (HeadHunter), instant payment terminal operator OE Investments (QIWI), and others.
Tags: Digital Sky Technologies IPO, DST IPO, DST Russia IPO
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