Russian company Mail.ru Group announced that it plans to lauch an initial public offering of shares by the end of the year. The company plans to list on the London stock exchange and named Goldman Sachs, JP Morgan, Morgan Stanley and Russian company VTB Capital to advise on the offering. The size of the IPO hasn't been specified yet, although existing shareholders are expected to sell part of their stakes. The company may be valued at around USD 5 billion, with a stake of close to 15% being sold on the exchange, two people familiar with the matter told the Wall Street Journal. Mail.ru Group, formerly known as Digital Sky Technologies, includes the Russian email and gaming website Mail.ru, the ICQ instant-messaging system bought from AOL, social networking site Odnoklassniki.ru, and stakes in Russian networking site VKontakte.ru and payment-terminal system Qiwi. The group also includes small stakes in Facebook, Zynga and Groupon. Shareholders include Russian billionaire Alisher Usmanov, South African media company Naspers, Chinese internet giant Tencent, Goldman Sachs and DST founder Yuri Milner
