Naspers and Tencent-backed Mail.ru could be worth up to $5bn at its London listing.
Mail.ru Group, a Russia-based internet conglomerate backed by South African media group Naspers and China’s Tencent, said it would float later this year in the UK to reportedly raise between $500m and $750m.
A source close to the listing said about 10% to 15% of the Mail.ru, which incorporates the investments of former holding company Digital Sky Technologies (DST), would be listed to value the company at $5bn.
Yuri Milner, chairman of Mail.ru, said: "I am very pleased to announce…
