Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Yandex to Complete the IPO
24.05.2011 15:40
Yandex to Complete the IPO

Russia's largest Internet search engine Yandex plans to raise 1,3 billion dollars in the IPO.
      
       The company sold 52,2 million shares at $25 each. Yandex's shareholders raised $1,3 billion in an initial public offering. "Yandex, whose IPO valued the stock at about twice that of Google Inc. (GOOG) relative to earnings, met increased demand as companies file for U.S. IPOs at the fastest pace in seven years", according to the Bloomberg.
      
       "Yandex has picked a great time for an IPO for a tech company. For the longer term, they’re in the right spot. They’re the Google of Russia," said Anthony Moro, managing director and head of emerging markets at Bank of New York Mellon Corp. Yandex has a large market share in Russia — it holds 65% of the search engine, while Google has only 20%.
      
      
      
       lenta.ru
       bloomberg.com


Author: Ksenia Dzhalagonia

Tags: Russian business Russian Internet    

Next Previous


You might also find interesting:

Sberbank Continues Cooperating With Ingrad Group
29.12.2016
Israeli Partners Will Invest In Russian Agricultural Projects
16.03.2017
Licenses Of Two Insurance Companies Were Revoked
30.01.2017
The Federal Customs Service Is Ready For Lifting Of Sanctions
30.01.2017
LetterOne Will Invest In the Foreign Segments Of Retail Trade
27.12.2016



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Jewish autonomous region  Moscow Museums  Painting  Tomsk Special Economic Zone  Zhigulevsky Reserve  Prince Vladimir  Rashid Nurgaliev  Russian business  Transaero  Modern Art  Russian tourism  Mittens  Visa   Victory Day  Laser Technology  Russian Literature  Graphic Art  Russian events  Russian famous people  Mercedes-Benz Fashion Week Russia  Vitaly Goryaev  Russian animators  Ural Airlines   Red October  Russia's Central Bank  Puppet Theatre  Fairs in Moscow  Norway shootings   Russia-USA  Ilya Frank  Pottery  Concerts in Moscow  Mikhail Prokhorov  Russian history  Russian culture  Scrap Metal  Zenit St. Petersburg  Alexander I of Russia  Tver  Voronezh   Exhibitions in Moscow  Archeology  Russian musicians  Moscow  TNK-BP  Worker and Collective Farmer  Russian Rock Music  Chelyabinsk  Russian physics  Russian Cinema 


Travel Blogs
Top Traveling Sites