Facebook Investor Mail.ru Seeks $876 Million in IPO
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Mail.ru Group Ltd., a Russian Internet company with stakes in Facebook Inc. and Zynga Game Network Inc., is seeking as much as $876 million in an initial public offering in London.
Mail.ru, partly owned by billionaire Alisher Usmanov and South Africa’s Naspers Ltd., is offering 31.62 million shares in the form of global depository receipts for $23.70 to $27.70 each, according to a regulatory filing today. The company will sell 3 million new shares while existing shareholders including the company’s founders will sell the rest, according to a term sheet for the sale obtained by Bloomberg News.