Grishin sells $150m of Mail.ru following buyer interest

Dmitry Grishin PA 230x150
By Aidan Gregory
31 Oct 2017

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 ...

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