The Bell: MY.GAMES will be listed on the stock exchange in 2021 at a valuation of $2.5-3 billion
Russian holding Mail.ru The Group is not going to miss the investment boom in the gaming industry. The media reports on the corporation’s plans to bring the MY.GAMES division to the American stock exchange next year. According to rumors, the valuation of MY.GAMES will be $2.5-3 billion.
Information about the upcoming listing is shared by The Bell. According to his sources, the management Mail.Ru The Group is considering several options for bringing the gaming part of the holding to the securities market. It is assumed that this may be an IPO or a takeover of a company that is already traded on the stock exchange.
According to one of the sources of the publication, in the event of an IPO, the largest shareholder of MY.GAMES will be itself Mail.Ru Group. Under this condition, the placement of shares will not affect the capitalization of the corporation.
Gaming companies are more expensive than the advertising business, so when MY.GAMES is outside the perimeter of the group, it will cost more. It turns out that inside the company can lose $1.5 billion, but outside it will receive $3 billion
At the same time, another source familiar with the company’s plans considers the prospects for the appearance of MY.GAMES on the American stock exchange unlikely. He notes that it is “very difficult” to convince shareholders to take something outside the perimeter.
Representatives Mail.ru The Group declined to comment on the publication of The Bell.
Recall: the Russian IT giant merged all its gaming brands under the name MY.GAMES at the end of May last year. Prior to that , the holding ‘s games were released in Russia under the brand itself Mail.Ru Group, and abroad — My.com .
Also on the topic:
- MY.GAMES has bought a controlling stake in the Russian studio Deus Craft. The amount of the transaction can reach up to $49 millionMY.GAMES bought a share of Reaction Games, formed on the basis of the mobile daughter Alternativa Games
- Mail.ru Group will launch its own cloud gaming service
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