Goldman, JPM take $5bn mail IPO on the road
Investor education kicked off on Monday for the London IPO of Russian new media firm mail.ru that could value the firm at $5bn, according to a source close to the company. If that target is reached, it would be more than double the value implied by the sale of a 10% stake to a Chinese investor as recently as April. With a rumoured 10%-15% stake to be floated, the deal size could reach $750m.
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