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:

Russian Wheat Met Egyptian Quality Requirements
Russia Can Feed the World With Mushrooms
Lefortovo Interdistrict Prosecutor's Office Conducted an Audit Of the LavkaLavka
VKontakte Will Launch Its Service Provider - VKmobile
The Exports Of Gold From Russia Fell By 43 Percent

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Vladivostok Monuments  Hermitage Museum  Russian culture  VTB Group  Russian tourism  Sverdlovsk Region  Russian Monuments  Perm  Ethnomusic Festival MIRA  Russian cuisine  Moscow  Soviet Cinema  Alexander Pushkin  Multimedia Art Museum  Books  Russian festivals  Far East  French Etchings  Russian business  Music Festival Crescendo  alcohol price  Ryazan  Graphic artists  Eurovision  Painting  Sergey Ignatiev  Show Business  Sparrow Hills  English Yard  Mercedes-Benz Fashion Week Russia  ecology  Vases  aircraft  Russian translators  Siberian extreme  Russian Cinema  Russian political parties  Pskov Museum-Reserve  accommodation in Yekaterinburg  Exhibitions in Moscow  Russian history  Udmurtia  Ivan the Terrible  Film Festival "Movement"  Russian musicians  Alexander Melamid  Russian charities  Archeology  health  Russian Literature 

Travel Blogs
Top Traveling Sites