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Yandex IPO Terms Revealed; Bigger than Mail.ru Group

Files under: News, Tech, Web 2.0
Posted by: admin @ 11:51 [9. 05. 11]

Russia’s leading search engine company Yandex, which plans to list on NASDAQ under the symbol “YNDX“, has announced terms for its IPO. The company plans to raise between $1,044 million and $1,148 million by offering ca. 52.2 million shares (or ca. 16% of total issued shares after IPO) at a price of between $20 and [...]