Digital Sky Technologies‘ $6 billion IPO

According to the WSJ and Vedomosti, Digital Sky Technologies‘ Russian investment holding, DST Russia, which owns online portal Mail.ru, ICQ, majority of social network Odnoklassniki.ru is expected to do IPO of between 10% and 25% of its shares in London in spring 2011.

DST was founded in 2005 and is one of the largest internet companies in the Russian-speaking and Eastern European markets and one of the leading investment groups globally to exclusively focus on internet related companies. DST, together with its affiliate DST Global, also holds stakes in internet world leaders such as Facebook, Zynga and Groupon. DST is a privately held company backed by leading international financial institutions and companies.

According to Quintura (refering to Russian language paper Vedomosti). DST Russia could be valued at $6 billion, Vedomosti said, thus implying value of stake to be sold at IPO at between $600 million and $1,500 million.

Goldman Sachs, Morgan Stanley and JP Morgan are to manage the IPO.
Location: Russia, Moscow

Related Articles

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: