Mail.ru sold in London, shares of $ 1 billion

More than $ 1 billion won Mail.ru Group and its shareholders from selling shares in the IPO. Get this barrier internet companies helped the organizers of placements that have implemented the option and purchased an additional 3,290,000 common shares at $ 92 million, analysts warn that stock prices Mail.ru could collapse by almost a third.

Banks Goldman Sachs, JPMorgan, Morgan Stanley and VTB Capital helped Mail.ru Group to place shares on the London Stock Exchange (LSE). Today the internet company said that the organizers used the IPO option, and place additional 3,292,000 shares at $ 27.7 per share. Thus, the proportion of shares in free circulation (free float) reached 18,4%, and revenues earned from the placement of the company and its shareholders of $ 1.003 billion, the lion’s share - more than $ 900 million - were selling shareholders, the very same company with regard to the exercise of the option was 10 times less - $ 92 million

The shares were sold by the organizers placement within the option greenshoe, which gave banks the right to sell additional packages on the stock exchange at a high demand for shares. This option is used as a tool to stabilize the price of paper.

Conditional trading securities Mail.ru Group began with the growth stocks by 41% - to $ 39 per share. Bidding opened today at $ 36.9 per share. Unconditional trading will commence on November 11.

Prospects

Mail.ru Group managed to hold placement on the top of the range - at $ 27.7 per share, making it the largest Internet company traded in Europe. Its capitalization is $ 5.7 billion earlier Mail.ru Group reported that funds from the IPO will be partly directed to purchase additional 7.5% of the capital social network facebook for $ 112.5 million The company expects in 2011 to bring its share in the social network to approximately 39.99%.

“Yandex” take an example?

But he did not rule out that after Mail.ru Group on the stock exchange will “Yandex”, inspired by a high estimation of a competitor. According to estimates Voronkov, current market value of Russia’s largest search engine is approx

10 November 2010

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Modernizatsiya: examples from

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• Facebook Shares have fallen 32% since the IPO »»»
In today’s trading on the NASDAQ market value of the company overcame the next psychological barrier - $ 26 per share.


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