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Yandex's Employees Became Millionaires
30.05.2011 13:04
Yandex's Employees Became Millionaires

Selling shares of Russian Yandex on Nasdaq has allowed comany's employees to earn an average of two million dollars.
       10% of company's employees participate in the program of motivation by shares, under which 10% of shares are allocated (about 32,12 million of shares). Under this program participant have a right to purchase shares. More than a half of shares were already reserved for employees at an average price of 3,62 dollars per share. On May, 27 the cost of the package amounted to 598 million dollars and the price per share amounted to 34,45 dollars. Thus, the profit per person raised up to two million dollars.
       This is the biggest internet IPO in the U.S., since Google nearly seven years ago, saw its shares surge 55 percent in their trading debut on Tuesday, according to Reuters.

Author: Ksenia Dzhalagonia

Tags: Russian Internet Russian business    

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