Topic summary
Mail.Ru Group
Extracted from the Wikipedia article VK (company).
History
In October 2010 Mail.ru Group announced plans for an IPO via the London Stock Exchange listing of a subsidiary – also called Mail.ru – worth more than $5 billion. The IPO offered a stake of about 17% of the subsidiary. The subsidiary included about a quarter of the group's shareholding in Facebook, stakes in Russia's two biggest social networking sites and Mail.ru. The company hired Goldman Sachs, JP Morgan, Morgan Stanley and VTB Capital to run the listing. After the public offering, the global operations of Mail.ru Group continued as the privately held company DST Global. Major shareholders at the time included Alisher Usmanov, Mail.ru Group's corporate sibling Tencent Holdings, Tencent's largest shareholder Prosus, and Tiger Management.