Quintura Kids Quintura Cook Quintura Search


Русский | English

Mail.ru Group IPO to Raise $500 Million for up to 15% Stake

Files under: News, Tech
Posted by: admin @ 03:38 [11. 10. 10]

Mail.ru Group announced its plans to raise $500 million at IPO in London Stock Exchange in November 2010. Mail.ru plans to sell between 10 percent and 15 percent of existing shares to investors, according to Reuters. The IPO will imply valuation of  Mail.ru Group at over $3.3 billion, making it the largest publicly-listed European Internet business. Mail.ru Group will begin IPO roadshow on October 25.

Mail.ru Group owns the leading Russian online portal Mail.ru, social network Odnoklassniki.ru and instant messaging service ICQ. Mail.ru also owns 24.99% shares in social network Vkontakte.ru and 25.09% shares in instant payment service QIWI.

In addition, Mail.ru Group holds 2.38% shares of Facebook, 5.13% shares of Groupon and 1.47% shares of Zynga.

The IPO of Mail.ru Group is managed by global co-ordinators and bookrunners Goldman Sachs and JP Morgan. The banks Morgan Stanley and VTB Capital also participate in the share offering.

Tags: , , , , , , ,

Comments are closed