Russian internet investment company Mail.ru (MAILRq.L) said shareholders had launched a sale of a 6.65 percent stake, five months after its London listing. Mail.ru's shares were down 8.44 percent by 1348 GMT on Wednesday, diving below the sale price which was set at $32.50. Shares in the Facebook investor were sold in the London listing in November at the top of a $23.7-$27.70 range. "The company's autumn listing price was too high, the stock has not yet firmed its position in the market. Plus, its 2010 financial results were below shareholders' expectations, and now the company wants to sell a stake, which adds downward pressure to the share price," said Vladimir Bragin, a trader at Alfa Bank.
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