Investment fund DST Global Limited of Russian businessmen Yury Milner and Alisher Usmanov increased supply of shares that it intends to implement in an IPO of social network Facebook, with 26.26 million to 45.66 million securities. Internet holding Mail.ru Group, is also involved in the IPO of the American company, increased its offer from 11.27 million to 19.60 million shares, from the updated prospectus should be enlisted Facebook.
Given that the offering price range Facebook is 34-38 dollars per share, DST at the top of the range can help out to $ 1.74 billion, Mail.ru Group – 745 million dollars
In the case of full exercise of the option oversubscription DST Global will sell an additional 6 85 million shares of the social network, and Mail.ru Group – 2,94 million shares. In the end, DST can help out two billion dollars, and Mail.ru – 857 million dollars
The fund is currently DST Global Limited directly and through a variety of structures controls 5.5% of voting capital of Facebook. In this post-IPO voting share of DST to drop to 5.2%, while fully taking into account the realized option – up to 4.9%. Mail.ru Group owns 3.1% of the voting rights in Facebook, and after the IPO, its share will drop to 2.3% (with the option – up to 2,2%).
After a corporate reorganization in November 2010 . Mail.ru Group (formerly Digital Sky Technologies) has ceased to be affiliated with DST Global Limited and its structures, according to the materials of Facebook. It is known that the company is New Media Technologies (NMT) of one of the founders of the fund DST, A.Usmanova, owns 25.3% equity Mail.ru Group and 50.4% of the voting rights.
Yet voting packages DST and Mail.ru almost do not give them the opportunity to influence the decisions of the Board of Directors of Facebook, as between the shareholders and the CEO of Facebook Mark Zuckerberg there are agreements in which all the shares owned by DST and Mail.ru, voted in favor M.Tsukerberga on all issues except the issue of shares of Facebook in an amount exceeding 20% of the share capital, as well as decisions that “disproportionately and adversely significantly affect” the owners of these shares.
Thus, taking into account all the agreements after the IPO, M . Zuckerberg will actually control 55.8% of votes in Facebook.
Earlier today it was announced that Facebook has increased the supply of shares in the upcoming IPO of 25% – from 337.4 million to 421.2 million securities. In addition, on the eve of a range of prices has changed the placement of shares, which amounted to $ 34-38 per share. Prior to this range the value of securities amounted to $ 28-35 on top of the range of Facebook, and selling shareholders may raise more than $ 16 billion
In any case, IPO Facebook enters the top ten, will be the most successful in history of IT- industry, and far surpass the IPO of Google, conducted in 2004. Then, for 19.6 million shares sold at $ 85 per share, Google Inc. and its shareholders bailed out just 1.67 billion dollars
recall an IPO social network is expected May 18 2012. Facebook Shares will be traded on NASDAQ under the ticker FB.
Facebook – one of the most popular social network in the world, it registered more than 900 million people. The company headquarters is located in Menlo Park (California). Number of active users of Facebook, who at least once a month, go into your account, at least 845 million people. It is expected that in 2012. number of active Facebook users will be more than 1 billion
May 16, 2012