Feeds

Facebook investor aims for $5.7bn float

Russia's biggest web firm shares ahoy

  • alert
  • submit to reddit

Security for virtualized datacentres

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. ®

Security for virtualized datacentres

More from The Register

next story
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
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?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.