Grishin sells $150m of Mail.ru following buyer interest
On Monday night, Dmitry Grishin, the Russian entrepreneur, sold a chunk of his stake in Mail.ru Group, the internet services company he co-founded, via an accelerated bookbuild led by Goldman Sachs on the back of reverse enquiries from investors.
The block of up to 4.7m shares was launched without any wall-crossing after the close of the London market and was covered in half an hour.
The bookbuild finished “significantly oversubscribed”, a banker on the deal said.It was priced at $31.80, a 4.6% discount to the $33.33 ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com