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Mail.ru IPO Within 2 Weeks

Mail.ru Group, an Internet holding part-owned by billionaire Alisher Usmanov, may sell stock in an initial public offering in London within two weeks, The Sunday Times reported.

Advisers to the company, which may be valued at up to $5 billion, accelerated the plan after last week’s IPO of Betfair Group, a British Internet gambling site, the report said.

(Bloomberg)


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