Onetwotrip.com, the rising star of the Russian online travel industry, intends to go public “as early as next year, once sales approach $1 billion a year,” CEO Petr Kutis told Bloomberg last week. The startup claims to have generated $306 million in gross sales last year, including $112 million in the last quarter alone. In …
Onetwotrip prepares for international expansion, plans Western IPO in 2014 Read More
Qiwi, a leading Russian payment operator, has picked Credit Suisse and JPMorgan for a New York IPO which it plans for the middle of next year, Reuters learned from “three sources familiar with the matter.” The company plans to float between 25 and 30% of its shares while the IPO would value it at $1 …
This week, Megafon raised $1.7 billion by trading approximately 15% of its shares on the London and Moscow stock exchanges simultaneously. Although the order book for the IPO was oversubscribed, the Russian telecom operator priced each share at $20, at the bottom of the $20-$25 range, placing the company’s total valuation at $11.1 billion. Putting …
Paul Myners, a former commercial secretary to the UK Treasury, is to join the board of directors of Russian mobile phone company MegaFon. The matter will be discussed at a general meeting of the company. Lord Paul Myners, who was made a life peer and entitled to a seat in the House of Lords in …
Six months after its launch, the IPO Board platform has attracted no fewer than 90 non-listed startups, enabling them to trade their shares electronically through private placements. An initiative of the Moscow stock exchange, IPO Board – also known in Russian as RII-board – has enjoyed the support of RVC and Rusnano, two state-owned organizations …
Ninety startups trade shares electronically through IPO Board Read More
Goldman Sachs announced on Tuesday that it has pulled out of a role as lead bank on an initial public offering by Megafon, one of Russia’s top mobile operators, scheduled for Nov. 1 simultaneously on the London and Moscow stock exchanges. According to the Financial Times, the Goldman’s decision followed recent statements by Megafon’s main …
Goldman Sachs walks away from Megafon’s imminent IPO Read More
Republican US Presidential candidate Mitt Romney, who has been building his foreign policy program around avowedly fault-finding rhetoric regarding Russia, invested last year in Russian natural gas, banking, and IT stocks. According to his 2011 tax return released on September 21, the GOP nominee used some of his earnings from the politician’s former employment at …
Yandex stock play dented Mitt Romney’s credibility Read More
KupiVip’s CEO Oskar Hartmann confirms plans to hold an IPO in New York “within two years,” Reuters reported yesterday. “We have already made quite good progress and [an IPO] is likely. We need to grow to reach the size [of business] that allows us to do a round of $120 million or more,” Hartmann told reporters. …
KupiVip.ru confirms plans for IPO in New York “within 2 years” Read More
Morgan Stanley has been mandated by Superjob.ru, a leading online recruitment platform with 3.2 million unique users monthly, to find a potential acquirer of a minority stake, Russian business daily Kommersant reported yesterday. “We would offer a minority stake to a partner whose good name on the NASDAQ could help us go public successfully,” Kommersant …
Superjob seeks minority shareholder “for successful IPO” Read More
“No IPO is being planned. Facebook’s IPO has destroyed the trust of many individual investors in social networks, so [our] IPO is postponed indefinitely,” Vkontakte’s founder and co-owner Pavel Durov tweeted on Monday, answering a Russian journalist’s question. Durov had expressed his IPO intentions a mere five months ago at the DLD tech conference in …
Megafon, Russia’s second largest mobile operator, has borrowed $4.5 billion with the intention of buying back investor Mikhail Fridman’s 25.1% stake, Reuters reported last week. If successful, the purchase will bring MegaFon closer to a $4 billion IPO on the London Stock Exchange. Megafon borrowed $1.5 billion from Sberbank, the Russian national savings bank, $1 …
Megafon ownership shaken up, IPO planned for H2 2012 Read More
Vist Group, a major, twenty-year-old Russian developer of turn-key IT solutions for mine fleet and railroad management systems, is considering seeking capital market opportunities, according to Reuters. A resident of Skolkovo, the government-sponsored technology hub outside Moscow, Vist could thus become the first Skolkovo resident to orchestrate an IPO. Vist has declined to make any …
Mine fleet management solution provider Vist Group eyes IPO Read More
