JP Morgan and Russian business daily Vedomosti revealed the detailed shareloder structure of Vkontakte.ru this week. According to JP Morgan, 12% is owned by Vkontakte founder’s Pavel Durov, 8% by his partner Lev Leviev, and 40% by Vyacheslav Mirilashvili and members of his family. Mail.ru Group owns a 39,99% stake, having acquired 7.44% from Pavel …
JP Morgan recommends investors to buy shares in Yandex and Mail.ru Group, the two Russian Internet giants listed on the NASDAQ and the LSE respectively, Bloomberg reported yesterday. The Russian online advertising market could grow even faster than generally expected, JP Morgan analyst Alexei Gogolev argues in his report. Yandex and Mail.ru Group are “likely …
JP Morgan sees online advertising soar, recommends buying Mail.ru and Yandex shares Read More
IBS Group, a major Russian IT consulting and outsourcing company, is ready to sell a stake of at least 20% in Softkey.ru, an online software retailer. The group acquired a 70% stake in Softkey in 2006. Not only does Softkey count among Russia’s top online software retailers, its technologies and servers are also used by …
Minority stake for sale in leading online software retailer Read More
ZocDoc, a New York based startup that allows patients to locate and book doctor appointments online, announced yesterday it secured a $50 million investment from prominent Russian fund DST Global in its third round of financing. Founded in 2007, the site claims to offer 5 million appointments across nine major metropolitan areas and dozens of medical …
After weeks of rumors, DST’s investment in Twitter was confirmed officially for the first time yesterday on Twitter’s blog. “Now we have an opportunity to expand [our] reach with a significant round of funding led by the venture firm DST Global, along with the participation of several of our existing investors,” Twitter writes. “We will …
The stock of the leading consumer electronics retailer Utinet.ru that was introduced last week on MICEX, one of the two Moscow stock exchanges, didn’t attract much investor interest during its first days of trading. This Monday the volume of trading of Utinet.ru stock totaled just 3.7 million rubles, or slightly over $130,000, while the offer …
Stock of online retailer Utinet.ru fails to attract many investors Read More
Pavel Durov, founder and shareholder of Russia’s leading social network, Vkontakte.ru, referred to LSE-listed Mail.ru Group as a “trash holding” on Twitter last Friday. The message was accompanied by an explicit picture of his “official answer to Mail.ru Group’s last attempt to absorb Vkontakte.”
The CapMan Russia fund, in collaboration with Belgian investment company Gimv NV, announced last week it has provided an undisclosed amount of growth capital to Expert Photo, a leading provider of online and offline photo related services in Russia.
Prominent Russian-American businessman Leonard Blavatnik has invested $9.5 million in Get Taxi, an Israeli-based mobile taxi-booking company, together with Get Taxi’s founders, which include Shahar Smirin, a former executive at Comverse in Russia.
Leading consumer electronics online retailer Utinet.ru was introduced this week on MICEX, one of the two Moscow stock exchanges. The company’s bid book, which was open from July 5 to July 19, was oversubscribed by nearly 230% at the upper band of the price range – 195 rubles, or almost $7 per share – the …
First ever online retailer issues IPO on Moscow stock exchange Read More
Mail.ru Group, which owns a controlling stake in several key Russian Internet properties, exercised its option to raise its stake in Vkontakte.ru from 32.49% to 39.99%, Russian business daily Vedomosti reported yesterday.
Moscow’s MICEX stock exchange has just begun publishing the ‘MICEX Innov,’ an innovation index which MICEX president Ruben Agangegyan represented as “The beginning of a conscious life of innovation and investment in Russia.” A company’s shares can be included in the new index if it floats no less than 10% of its shares and has …
Russian innovation starts “conscious life” on Moscow stock exchange Read More
