Deals
Russia’s Mail.ru Said to Have Orders Close to Top End of IPO
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Mail.ru Group Ltd., a Russian investor in Facebook Inc., has buyers for all the stock in its $876 million London initial public offering close to the top of the price range, two people familiar with the IPO said.
The banks arranging the sale, including New York-based Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley and Russia’s VTB Capital, received orders for the shares toward the high end of the $23.70 to $27.70 range, according to the people, who declined to be identified because the information is private. The deadline for taking orders in the offering of 31.6 million global depositary receipts is Nov. 8, one of the people said.