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:

Russia Is Developing Trade Relations With Singapore
27.01.2017
Sberbank Launched Its Chatbot
30.03.2017
Sollers Industrial Group Will Resume the Assembly Of Ssang Yong Cars In Russia
15.09.2016
Microsoft And Sberbank Will Cooperate In Cybersecurity
17.10.2016
Yandex Payment System Connected Its Cards to Apple Pay Service
15.11.2016



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Russian Literature  Kolomenskoye Museum Estate  Arctic  Moscow buildings  Cafes in Moscow  Russian business  Planetarium  nuclear physics  Andrei Stolyarov  Moscow  Russian hotels  Russian space exploration  Kaspersky  Mercedes-Benz Fashion Week Russia  Anatoly Kokorin  Gazprom Neft  Graffiti  Palaces of Russia  Central Bank  Energy Policy  the History Museum  Russian Nature  anti-gay law  Zakhar Prilepin  All-Russia Exhibition Centre  Russian history  Russian Composers  time zone  Design  animation  Russian Cinema  Exhibitions in Moscow  Romanovs  Museum of Moscow  Carpentry  Wrestling  Salvador Dali  Rusal  Leningrad Region  Jazz  Elliott Erwitt  Megafon  Altai  IT Planet olympiad  Russian spacecrafts  Grigory Bobrovsky  Russian tourism  Archeology  Russian Film Directors  Painting 


Travel Blogs
Top Traveling Sites