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Moscow - Facebook's Russian investor Mail.ru has set a price range for its planned London initial public offering (IPO) at $23.7 to $27.7 per share, a source close to the placement told Reuters on Monday.
The pricing would put Mail.ru's value at $4.78bn to $5.63bn.
Mail.ru, whose placement might help set a benchmark for other Russian internet firms, announced its intention to float on October 11, with sources saying around 15% of shares could be up for grabs.
The company, previously known as DST, is expected to price the offering on November 8.
In addition to a 2.38% stake in Facebook, Mail.ru owns 5.13% of e-commerce coupon site Groupon and 1.47% in social game company Zynga, as well as Russian mail and social networking sites and instant messenger ICQ.
Mail.ru is partly owned by billionaire Alisher Usmanov and Naspers.
The pricing would put Mail.ru's value at $4.78bn to $5.63bn.
Mail.ru, whose placement might help set a benchmark for other Russian internet firms, announced its intention to float on October 11, with sources saying around 15% of shares could be up for grabs.
The company, previously known as DST, is expected to price the offering on November 8.
In addition to a 2.38% stake in Facebook, Mail.ru owns 5.13% of e-commerce coupon site Groupon and 1.47% in social game company Zynga, as well as Russian mail and social networking sites and instant messenger ICQ.
Mail.ru is partly owned by billionaire Alisher Usmanov and Naspers.
