Feeds

Facebook investor aims for $5.7bn float

Russia's biggest web firm shares ahoy

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Mail.ru, which owns a stake in Facebook, has set the price it hopes to get for its shares when it floats on the London Stock Exchange.

The Initial Public Offering was announced earlier this month. Today's filing with the London Stock Exchange shows an indicative price range of between $23.70 and $27.70 per share, actually a global depositary receipt.

These figures value the company at between $4.78bn (£3.04bn) and $5.63bn (£3.58bn).

The company also owns stakes in Groupon and Zynga - the company behind Farmville.

The Russian company bought a 1.96 per cent stake in the giant social network for $200m in 2009. The sale effectively gives investors their only chance to buy into Facebook which is otherwise privately held.

Mail.ru is not just counting on Facebook - some of the cash raised from the sale of shares will go towards buying an extra 7.5 per cent stake in Russia's biggest social network vKontakte, giving it a 32.49 per cent stake in total. ®

Beginner's guide to SSL certificates

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.