Mail.ru Group and the Digital Sky Technologies (DST) companies earned a tidy sum from the 18 May Facebook IPO. Their original investments between 2009 and 2011 totaled $900 million. During the IPO they earned $2.5 billion and still hold over 5% of Facebook.
Mail.ru Goup, which was created by Yuriy Milner and is now controlled by oligarch Alisher Usmanov, earned $740 million from the sale of part its Facebook shares and maintains 1.7% of the shares in the company and 2.4% of the voting shares.
The DST investment funds, which Yuriy Milner manages, were the second largest sellers of shares during the IPO, which earned them a total of $1.73 billion. They still hold 4% of the shares and 5.2% of the voting shares. Of the DST funds, DST USA II sold the greatest amount of Facebook stock, earning it $1.026 billion and DST USA earned $340 million. DST Global, which invests Usmanov’s money, earned $230 million. DST Global II and DST Global III, which invest money from other investors including Milner and Usmanov, earned $76 million and $22 million from the sale of their Facebook stocks respectively.
In an interview for the New York Times before the Facebook IPO, Usmanov said he planned to use the proceeds from the IPO to invest and pay down debt at his other Russian businesses.