Mail.ru sold 32.9 million global depositary receipts at $27.70 each for a market capitalization of $5.7bn, and the share price closed at $36 on Friday.
Mail.ru, a Russia-based online media group backed by Naspers’ corporate venturing unit, has raised $912m in its London Stock Exchange flotation after pricing at the top of its range and seeing a 30% jump in its value on the first day of trading.
Mail.ru sold 32.9 million global depositary receipts at $27.70 each for a market capitalization of $5.7bn, and the share price closed at $36 on Friday.
The company had initially expected to raise between $500m and $750…
