Facebook investor Mail.ru announces IPO pricing

[Paul Ferguson <fergdawgster () gmail com>]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Via CNET News.

[snip]

Russia-based Mail.ru Group, a company that has invested in both Facebook
and social-gaming company Zynga, has announced per-share pricing for its
initial public offering on the London Stock Exchange.

According to the company, it plans to offer its shares for $23.70 to
$27.70. At that price, Mail.ru will have an equity value between $4.86
billion to $5.71 billion after its shares are issued.

Proceeds from its IPO will be used to fund its acquisition of an additional
7.5 percent of Russian social network vKontakte for $112.5 million.

Mail.ru's portfolio of services include e-mail, social networking, and
online-gaming sites. Its properties reach about 70 percent of all Russian
Internet users each month, the company said in a statement.

But it's Mail.ru's stake in Facebook and Zynga that make it most notable.

Last year, Mail.ru Group, known then as Digital Sky Technologies, invested
$200 million into Facebook. In return, it received 1.96 percent ownership
of the world's top social network, based on a valuation of $10 billion.

More than a year later, Mail.ru Group now owns 2.38 percent of Facebook. It
also holds a 1.47 percent equity interest in FarmVille creator Zynga, as
well as a 5.13 percent stake in Groupon. Earlier this year, Mail.ru
acquired instant-messaging service ICQ from AOL for $187.5 million.

[snip]

Link:
http://news.cnet.com/8301-13506_3-20020583-17.html

- - ferg

-----BEGIN PGP SIGNATURE-----
Version: PGP Desktop 9.5.3 (Build 5003)

wj8DBQFMxf5yq1pz9mNUZTMRAq/jAJ9rlde7lRkVKUJ1uuSDRBHjazTI7ACeIGMf
6o3BJfziS62f4gWilSGLfk4=
=H7zH
-----END PGP SIGNATURE-----


-- 
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawgster(at)gmail.com
 ferg's tech blog: http://fergdawg.blogspot.com/

_______________________________________________
Fun and Misc security discussion for OT posts.
https://linuxbox.org/cgi-bin/mailman/listinfo/funsec
Note: funsec is a public and open mailing list.