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Yandex To Raise Up To $2 Billion at IPO In Fall 2008

Files under: News, Tech, Web 2.0
Posted by: Yakov @ 23:36 [20. 05. 08]

The leading Russian search engine Yandex is expected to raise up to $2 billion at initial public offering (IPO) of shares in New York in the upcoming autumn based on the company’s preliminary valuation of $5 billion, according to Reuters. Yandex is said to have mandated the investment banks Morgan Stanley, Deutsche Bank and Renaissance [...]

Russia to Become Sixth Largest Ad Market, Rambler Sells Online Display Ad Agency

Files under: News
Posted by: Yakov @ 16:57 [2. 04. 08]

The Russian advertising market will increase to $17.2 billion in 2010 becoming the sixth largest advertising market globally after the U.S., Japan, UK, China, and Germany, according to a recent research published by ZenithOptimedia. Russia together with the other developing markets China, Brasil, and India have become the main drivers of global adspend growth.
The Russian [...]