Blog Post

DST Says Facebook Can Afford To Hold Off On An IPO

Stay on Top of Enterprise Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

Russian investment firm Digital Sky Technologies has been busily adding to its Facebook holdings, but says it won’t use its leverage to push the company toward an IPO. In an interview with Bloomberg TV, DST CEO Yuri Milner said, “Any IPO should be business driven and not liquidity driven as the latter can be done through the private market. That’s what we do, so founders and management can focus on business execution.”

Milner made the same point earlier this week when his firm led a $180 million round in social game firm Zynga. He told the WSJ that because of DST’s investment Zynga did not need to file for an IPO to raise funds: