Pandora’s IPO yesterday peaked at $26/share, giving them a brief valuation of $4 billion. The stock quickly deflated to a closing price of $17.50, moving that valuation to $2.8 billion. Even that is a fantastical and bubblicious number that will not stand up to scrutiny. Here is a back-of-the-envelope analysis based on the S-1 that investors should have made before throwing their money in the box:
Three of Top 10 Ukrainian M&A deals in 2011, stated by KyivPost newspaper were financed by foreign capital. These are: Ukrtelecom, Inkerman, VAB Bank.
According to Austrian newspaper WirtschaftsBlatt, Austrian company Activ Solar plans to invest additional 700 mln Euro in solar energy projects in Ukraine.
In 2010, Russian authorities seized the domain of the country’s biggest BitTorrent tracker, Torrents.ru, in copyright related action. Now, just over a year later, police have swooped on its sister site, Pornolab – Russia’s biggest porn tracker – and seized its servers. With the recent demise of two other huge adult trackers, it’s possible that Pornolab was the largest adult torrent site in the world.
DataArt, a US custom software development firm that builds advanced solutions for select industries, announced the opening of a new development center in Kyiv bringing the total number of employees to more than 600 throughout its offices in North America and Eastern Europe. DataArt’s fifth R&D center, and its third in Ukraine, will become the company’s new European Headquarters.
Vietnamese telecommunications company Viettel is expected to invest about U.S. $600 million in broadband development in Ukraine, Vladislav Kaskiv, director of Ukraine’s State Agency for Investments and Investment Project Management, told reporters on March 26.
Europe’s leading alternative telecommunication operator TELE2 considers possibility to expand the geography of its business to several countries, including Ukraine, the company reported on March 17.
Kaspersky Lab, a leading developer of secure content and threat management solutions, announces its partnership with General Atlantic LLC (GA), a leading global growth equity investment firm. The agreement with GA marks the next stage of Kaspersky Lab’s global growth strategy. The company will benefit from GA’s strategic support for management’s vision to continue its global market expansion. GA will become the second largest shareholder in the company, acquiring a number of secondary shares. Details concerning the financial aspects of the deal will remain confidential.
Goldman Sachs has reached out to its wealthy private clients, offering them a chance to invest in Facebook, the hot social networking giant that is considering a possible public offering in 2012, according to people familiar with the matter.
The chairman of Ukraine’s State Property Fund (SPF), Alexander Ryabchenko, has announced that only one bid has been received for a 92.79% stake in government-owned incumbent telco Ukrtelecom, from Epic Services Ukraine (Esu), a subsidiary of Austrian investment fund Epic.