07 10 / 2010
Mail.ru Group acquires a billion for IPO
Mail.ru Group will be listed on the stock exchange market within weeks. In addition to the company’s main assets, a number of other projects from the DST fund will be included in the IPO. DST plans to put on the market 100% of the Mail.ru, ICQ and Odnoklassniki projects, as well as minority shares in Vkontakte and OE investments, 2.4% of social network service Facebook, 5% of the discount service Groupon and 1.5% of social network game developer Zynga. The total value of these Mail.ru Group assets prior to the IPO is $1 billion, while the whole of the Mail.ru Group assets, by shareholders’ estimation, is somewhere between $5-6 billion. Sharespost.com, the specialist site for trading private company’s shares, has evaluated three of the Mail.ru Group co-owned projects as follows: Facebook $26.28 billion, Zynga $4.59 billion, and Groupon $5 billion. Mail.ru Group is planning to place up to 25% of its shares on the London Stock Exchange this autumn. The underwriters of the IPO are Goldman Sachs, Morgan Stanley, and JPMorgan.
