Mail.ru Has postponed an exit for the London exchange till 2009
Russian Internet company Mail.ru has postponed stock promotion (IPO) at the London stock exchange (LSE) which has been planned for summer of 2008.
The general director of firm Dmitry Grishin has explained, that IPO will be conducted in 2009. Earlier Mail.ru officially did not confirm plans of an exit for exchange.
Holders Mail.ru planned to sell at exchange from 25 to 40 percent of the company, but the situation in the financial markets would not allow them to receive adequate capitalisation. Now Mail.ru can expect for capitalistion in 1,5 billion while shareholders wished to receive two billion dollars.
According to Grishin, Mail.ru has not refused plans to sell the share on LSE. Carrying over of terms is connected by that shareholders Mail.ru wishing somewhat quicker to sell the share, have made it, and to hurry up with IPO there is no sense more.
Earlier American investment fund Tiger Global Management has sold 14,55 percent Mail.ru from 27,95 percent belonging to it to fund Digital Sky Technologies which Jury Milner operates. According to the edition, Tiger was initiator IPO Mail.ru in 2008.
"Businessman" notices, that IPO company Port.ru Inc will conduct., possessing netBridge Ltd to which posess 100 percent of shares of Open Company "Мэйл.ру".
Now 50,55 percent Mail.ru supervise DST, 13,4 percent - Tiger, 32,6 percent - South African media company Naspers Ltd, the rest belongs minoritariyam.
It is necessary to notice, that for autumn of 2008 it is planned IPO Internet searcher Yandex ("Yandex") largest in Russia, the Tape writes
