ALRUD accompanied Russian Internet giant Mail.Ru Group in its IPO on the London Stock Exchange

ALRUD accompanied Russian Internet giant Mail.Ru Group in its IPO on the London Stock Exchange

29 november 2010

In November 2010 ALRUD successfully completed the deal on initial public offering of shares of Mail.Ru Group Limited in the form of GDRs and placing of GDR at the London Stock Exchange (LSE).

ALRUD acted as Russian legal advisor to the underwriters of Mail.Ru Group’s offering (Goldman Sachs International, JP Morgan Securities Ltd., Morgan Stanley &Co International Plc, VTB Capital plc, Pacific Crest Securities LLC).

Offering of 32,93 mln. ordinary shares in the form of GDRs raised more than USD 1 bln. This offering is the largest Internet IPO in Europe, and would become the biggest Russian IPO launched at the LSE since the 3-year ago VTB Group’s.

ALRUD team was led by the Senior Partner Vassily Rudomino and Partner Alexander Zharskiy, the foremost experts in Corporate and Finance in Russia.

November 29, 2010

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