has a big first day on the London Stock Exchange has a big first day on the London Stock Exchange, the name for Russian mega-company Digital Sky Technologies’ (DST) domestic assets – but which doesn’t include its overseas assets, including 2.38% of Facebook – had a big first day on the London Stock Exchange, gaining 30% over it’s initial offering.

The stock was offered at $27.70 a share but quickly went to $37 according to the AFP. Right now, these are only conditional shares, and won’t be available for open trading until November 11. was valued at $5.71 billion at flotation, and all of the shares were 20 times oversubscribed in a two week period.

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Of course, for international investors, the bigger prize would be if DST’s overseas investments were floated (in addition to Facebook, DST has significant shares in Groupon and Zynga). How much that 2.38% of Facebook will eventually be worth is anyone’s guess, but right now, the consensus valuation of Facebook is somewhere around $33 billion, so even at that valuation, it is worth a pretty penny/ruble.

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Shh. Here's some distraction