IPO Vkontakte postponed indefinitely due to the failure of Facebook

Vkontakte founder Pavel Durov tweeted May 28: "The FB IPO destroyed the faith of many private investors in social networks, and the VK IPO was postponed indefinitely." On the eve, Durov received a power of attorney for the right to vote with shares of the Mail.ru group, which owns 39.99% of the social network. Together with the 12% owned by Durov personally, this gives him complete control over the company. Earlier it was reported that Vkontakte is preparing to enter an IPO this or next year.

Meanwhile, Facebook shares continue to fall. They have already broken through the level of $ 30 and at the time of publication of this article cost $ 28.55 . Since the IPO Facebook has lost about 25% of its value. This is the worst of the large IPOs of the last decade.