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%.

Author: Ksenia Dzhalagonia

Tags: Russian business Russian Internet    

Next Previous

You might also find interesting:

Moscow Business Turnover Returned to Pre-crisis Level
Russian Educational AI-startup Raised a Million Dollars of Investment
The First Loan Secured by Intellectual Property in Russia was Issued to a Skolkovo Resident
Restrictive Measures for Moscow Business have been Extended until May 31
Russian Museums Forecast Losses Caused by Pandemic

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

World Festival of Youth and Students  Russian Rock  he Pushkin Museum  Exhibitions in Moscow  bicycle rental  Russian parliament  Kari  Abstract Art  Clean City  Festival in St. Petersburg  Rogovs House  Petr Pavelensky  Russian Railways  Russian Cinema  Best of Russia  Karelia   travel to Russia  Robostation  Bogdinsko-Baskunchaksky Reserve  Tatarstan  Russian business  tour  Voronezh   Parliament in Action  Mikhail Dashevsky  Heroism   St. Petersburg  Festivals in Moscow  Moscow dumps  Moscow  Christmas  Central House of Artist  Mercedes-Benz Fashion Week Russia  Moscow restaurants  Crimea  Eurovision  Nadezhda Yusupova  Chukotka  VDNKh  Pushkin Museum of Fine Arts  Russian regions  Russian Photographers  Russian language  Russian Screenwriters  Holocaust  Boris Grigoriev  Rostov-on-Don  invest  EU sanctions  Russian tourism 

Travel Blogs
Top Traveling Sites