Latest IT News » Business It News » Facebook investor Mail.ru goes to the London Stock Exchange

Facebook investor Mail.ru goes to the London Stock Exchange

The Russian investment company Mail.ru has announced its IPO. The company – formerly known as Digital Sky Technologies – has investments in Facebook, the social gaming heavyweight Zynga.

Mail.ru is hoping that its IPO proceeds of $ 876 million (626 million euros). Bloomberg According to the company 31.62 million shares initially in the form of Global Depository Receipts will issue, to be traded per unit from 23.70 to 27.70 dollars. The result is that the company is assessed a total of up to 5.7 billion dollars (around € 4 billion).

Analysts at Goldman Sachs going According to Bloomberg, assume that the sales of this year Mail.ru will increase by 51 percent to 301 million dollars. The Moscow company holds 2.4 percent of Facebook, at 5.1 percent and 1.5 percent in Groupon Zynga. Goldman Sachs, according to these three interests are together worth $ 900 million – more than twice as much as their book value (340 million dollars).

The shares take over next Goldman Sachs JPMorgan, Morgan Stanley and Russia’s state-run bank VTB Capital.

HIGHLIGHT ZDNet.de for mobile devices: m.zdnet.de ZDNet.de

is now available in an optimized version for mobile devices available. Under m.zdnet.de you will find news, blogs and reviews. »Read more …

The latest news from "Business It News"

SAP is of 4.3 billion dollars for Ariba

SAP is of 4.3 billion dollars for Ariba

The Russian investment company Mail.ru has announced its IPO. The company – formerly known as Digital Sky Technologies – has investments in Facebook, the social gaming heavyweight Zynga. Mail.ru is hoping that its IPO proceeds of $ 876 million (626 million euros). Bloomberg According to the company 31.62 million shares initially in the form of [...]

Ex-Yahoo-manager must be responsible for insider trading

Ex-Yahoo-manager must be responsible for insider trading

The Russian investment company Mail.ru has announced its IPO. The company – formerly known as Digital Sky Technologies – has investments in Facebook, the social gaming heavyweight Zynga. Mail.ru is hoping that its IPO proceeds of $ 876 million (626 million euros). Bloomberg According to the company 31.62 million shares initially in the form of [...]

Facebook’s stock slips on the second trading day from eleven percent

Facebook’s stock slips on the second trading day from eleven percent

The Russian investment company Mail.ru has announced its IPO. The company – formerly known as Digital Sky Technologies – has investments in Facebook, the social gaming heavyweight Zynga. Mail.ru is hoping that its IPO proceeds of $ 876 million (626 million euros). Bloomberg According to the company 31.62 million shares initially in the form of [...]

ITC Judge: Apple and RIM do not violate Kodak’s patents

ITC Judge: Apple and RIM do not violate Kodak’s patents

The Russian investment company Mail.ru has announced its IPO. The company – formerly known as Digital Sky Technologies – has investments in Facebook, the social gaming heavyweight Zynga. Mail.ru is hoping that its IPO proceeds of $ 876 million (626 million euros). Bloomberg According to the company 31.62 million shares initially in the form of [...]

Analyst: Apple will write the supply chain without the red

Analyst: Apple will write the supply chain without the red

The Russian investment company Mail.ru has announced its IPO. The company – formerly known as Digital Sky Technologies – has investments in Facebook, the social gaming heavyweight Zynga. Mail.ru is hoping that its IPO proceeds of $ 876 million (626 million euros). Bloomberg According to the company 31.62 million shares initially in the form of [...]

Third trading day: Facebook’s stock continues to fall

Third trading day: Facebook’s stock continues to fall

The Russian investment company Mail.ru has announced its IPO. The company – formerly known as Digital Sky Technologies – has investments in Facebook, the social gaming heavyweight Zynga. Mail.ru is hoping that its IPO proceeds of $ 876 million (626 million euros). Bloomberg According to the company 31.62 million shares initially in the form of [...]

Report: Google plans layoffs at Motorola Mobility

Report: Google plans layoffs at Motorola Mobility

The Russian investment company Mail.ru has announced its IPO. The company – formerly known as Digital Sky Technologies – has investments in Facebook, the social gaming heavyweight Zynga. Mail.ru is hoping that its IPO proceeds of $ 876 million (626 million euros). Bloomberg According to the company 31.62 million shares initially in the form of [...]