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.
The Kyivstar telecommunication company introduced the Home Internet service in five cities in February and March 2011.
The Vega telecommunications group has introduced a service “Vega Network” for phone calls through the Internet from April 4.
The Kyivstar telecommunication operator (Kyiv) from April 11 raises the cost of mobile internet by 16.67% or UAH 1 and UAH 2 to UAH 6 and UAH 12 a Mb of data.
From April 15, the Kyivstar telecommunication operator introduced a tariff plan called Proryv (Breakthrough) for Djuice subscribers.
The Kyivstar telecommunication operator has introduced services “Package 20 SMS” and “Package 10 MMS” for subscribers of Beeline (the Ukrainian Radiosystems Company) from April 6.