Last week Russian offshore software developer Luxoft began trading on the New York Stock Exchange. Its stock was initially offered at $17 per share, but at the end of the IPO day the share price increased to $20.38, showing 20% growth and valuing Luxoft at some $555 million. In total, during the IPO Luxoft has …
Willemstad – Startup Stock Exchange (SSX), a global, regulated marketplace for startup investing and funding, was launched on June 10th and is now open for Russian investors and Russian startups. On SSX, investors of any level buy ownership shares of vetted startup companies. Shares trade freely on the exchange, providing a liquid market. Investors can buy …
Global marketplace for startup investing and funding open to Russian players Read More
Russian billionaire Alisher Usmanov, who controls amost 40% of Vkontakte via the Mail.Ru Group, of which he is one of the main shareholders, is no longer considering an IPO for the social network. The decision was reported by the Russian news agency ITAR-TASS, based on an exchange with Ivan Streshinsky, the general manager of Usmanov’s …
Luxoft, a major offshore software developer headquartered in Moscow, announced yesterday that it has filed a registration statement for a proposed initial public offering of its Class A ordinary shares. The book-running managers in the operation will be UBS Limited, Credit Suisse, J.P. Morgan, VTB Capital, and Cowen and Company. According to the filing, Luxoft …
Russian offshore software developer Luxoft heading toward New York IPO Read More
Completing its initial public offering on the NASDAQ last Friday, Russian payment operator Qiwi raised $212 million by selling 12.5 million class B shares at $17 each. Initially, Qiwi had expected to sell 12 million shares at a price between $16 and $18 apiece. All the shares were offered by selling stockholders. Qiwi is valued …
E-payment operator Qiwi raises $212 million in NASDAQ IPO Read More
Russia’s richest man Alisher Usmanov told Bloomberg that he recently spent about $100 million buying Apple shares in anticipation they will rise. “I believe in the future of this company even after Steve Jobs,” he said to the news agency. “When the company lost $100 billion of its market value, it was a good time to buy …
Russian billionaire Alisher Usmanov buys $100 million stake in Apple Read More
Qiwi PLC, owner of Russia’s biggest instant-payment operator, announced that its shareholders were seeking to list 12 million Class B shares (U.S. $16–18 each) in the form of American depositary shares (ADS) on the NASDAQ in May. Overall, the company owns 52 million shares, so the placement of 12 million Class B shares accounts for the …
VTB Capital, the investment arm of Russia’s VTB Group, has acquired a minority holding in National Satellite Company, Russia’s largest satellite TV operator working under the Tricolor TV brand name. While announcing the partnership this past Tuesday, the partners in the deal provided no financials, but said that with its growing Russian subscriber base of …
VTB Capital acquires minority stake in satellite TV operator Tricolor TV; IPO idea floated Read More
Russian payment operator Qiwi filed a registration statement with the U.S. regulator, the SEC (Securities & Exchange Commission) on Wednesday, to raise up to $100 million from an initial public offering. J.P. Morgan and Credit Suisse will act as joint book-running managers in the operation, which could take place before next summer. The number of American …
From Cyprus to New York: Qiwi starts its journey to IPO Read More
The ownership of three major Russian tech companies – the search giant Yandex, the state-owned nanotechnology corporation Rusnano, and the mobile operator Megafon – is being affected by significant changes. Yandex, which raised $1.3 billion in its IPO back in May 2011, announced yesterday the closing of a secondary public offering of Class A ordinary …
Stocks of Yandex, MegaFon and Rusnano are changing hands Read More
TMT Investments, a London-headquartered venture fund backed by Russian businessmen, announced last week that it has raised $1.125 million from an unnamed “group of qualified investors.” Launched by German Kaplun, Alexander Morgulchik and Artyom Inyutin, the founders of the large Russian media holding RBC back in the 1990s, TMT was introduced on the Alternative Investment …
LSE-listed Russian tech fund raises $1.1 million; shares up 40% in 12 months Read More
Kaspersky Lab, the leading Russian IT security company, is shelving its IPO plans and wants to buy back the 20% stake it sold to a private equity investor a year ago, announced founder and CEO Eugene Kaspersky. With cyber-threats today increasingly aggressive and constantly evolving, Kaspersky thinks his company “must be as flexible as possible …
