One of the largest Russian online retailers, Utinet.ru, has begun to prepare for an IPO on the MICEX stock exchange, reported ComNews.ru, a site covering telecoms and IT issues. The operation is scheduled for the first half of this year. Utinet.ru is valued at an estimated $100 million to $120 million and intends to sell …
First-ever IPO among Russian online retailers is planned Read More
Svyaznoy, Russia’s second leading mobile retailer, may go public in Q2 2012, according to Denis Lyudkovsky, the company’s general manager. The announcement was made at a press conference yesterday. The final decision will depend, among other factors, on the success of the impending IPO of Euroset, the market leader.
Russian business daily RBC Daily reported yesterday, quoting unnamed sources, that Rostelecom could postpone a secondary public offering (SPO) on the London Stock Exchange initially planned for April or May.
Euroset, Russia’s leading mobile and media device retailer, announced yesterday it would proceed with an IPO on the London Stock Exchange. The offering could raise more than $1 billion, putting the desired valuation of the chain at $4 billion, reports Reuters from unnamed sources.
The EBITDA of Euroset, Russia’s leading mobile retailer, reached 8.37 billion rubles (approx. $279 million) in 2010, up 88% from 2009. During the same period, the company’s net profit grew almost fivefold (+385%), to 5.58 billion rubles, while its revenues increased by just 12.2%, reaching 61.91 billion rubles (approx. $2 billion).
“We rule out, and consider to be utopian, a full integration of Vkontakte into Mail.ru Group,” said Pavel Durov in an open letter published yesterday. Durov, Vkontakte.ru’s general manager and main shareholder, denied holding any discussions about an increase of the Mail.ru Group stake in Vkontakte.ru, Russia’s leading social network.
MICEX, one of the two main Moscow stock exchanges, has opened the IPO Board, a web service dedicated to innovative companies, including those at startup stage. This resource will allow “buyers” and “sellers” to publish their offers and make deals directly.
In a report issued today, Uralsib Capital estimated that Mail.ru Group, an LSE-listed Russian Internet group, is overvalued.
Mail.ru Group is in discussions with other owners of Vkontakte.ru with a view to take full control of this leading social network, said Dmitry Grishin, the group’s general manager.
Moscow, Russia – “COMSTAR – United TeleSystems” JSC (“Comstar”) (LSE: CMST), the largest integrated telecommunications provider in Moscow and 84 Russian cities, with a presence in Ukraine and Armenia, today announces that, following the announcement on 24 December 2010 that Comstar shareholders had approved the merger of Comstar into Mobile TeleSystems OJSC (“MTS”) pursuant to which …
Russian search engine Yandex may go public on NASDAQ in June or July 2011, trading shares amounting to $1 billion, reported Bloomberg and Russian business daily Vedomosti. According to unnamed sources, the IPO would be managed by Deutsche Bank and Morgan Stanley.
The Federal Service of Financial Markets (FSFM) has registered $52 million follow-on shares placement report by Kazan-based innovation Technopark Idea, FSFM reports. The shares were reportedly placed privately.
