Tavrin’s firm to float shares to raise $250 mln on Nasdaq soon

MOSCOW, Jul 24 (PRIME) -- Kismet Acquisition One., belonging to television holding UTV Holding’s owner Ivan Tavrin, will hold an initial public offering (IPO) on the Nasdaq, according to the documents released on the website of the U.S. Securities and Exchange Commission and seen by PRIME on Friday.

Registered on the British Virgin Islands, Kismet Acquisition One intends to raise U.S. $250 million from the share offer for future deals, including investment in telecom infrastructure, the Internet and technologies, consumer goods and services.

If the company fails to acquire an asset during 24 months after the IPO, it will return the money to the investors.

According to media, the IPO will take place in the first week of August. The deal is organized by Credit Suisse and Bank of America.

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