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Mail.ru Group to Begin IPO Roadshow in October

Files under: News
Posted by: Quintura @ 00:41 [6. 10. 10]

Mail.ru Group, which plans to hold a London IPO in 2010, will begin a pre-marketing for its IPO next Monday, reported newspaper Vedomosti. Two weeks later, Mail.ru Group will start IPO roadshow, the newspaper said.

Mail.ru Group owns the leading Russian online portal Mail.ru, social network Odnoklassniki.ru and instant messaging service ICQ. According to Vedomosti, Mail.ru Group will also own 2.4% shares of Facebook, 5% of Groupon and 1.5% of Zynga. It shall increase valuation of Mail.ru Group by some $1 billion.

The other DST‘ investments including 7.6% shares of Facebook and minority stakes in both Zynga and Groupon, which have been acquired by DST, will be held by DST Global.

Mail.ru Group IPO is managed by investment banks Goldman Sachs, Morgan Stanley and JP Morgan.

Mail.ru Group, which plans to sell up to 25% of its shares at IPO, could have valuation of between $5 billion and $6 billion.

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