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Russia's MegaFon closes in on $4 billion London IPO
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iniewski
20% worth $4B so the total valuation of this mobile phone operator is ...
MegaFon MGFON.UL, Russia's second-largest mobile phone operator, has asked its local regulator for permission to list its shares in London for what would be the world's biggest initial public offering since Facebook's in May.
The company, in which Russia's richest man Alisher Usmanov took control in a complex deal in April, is looking to float a 20 percent stake that could be worth as much as $4 billion, sources familiar with the matter have said.
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iniewski
9/6/2012 10:18 AM EDT
20% worth $4B so the total valuation of this mobile phone operator is $20B...sounds high...how many subscribers they have?
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