4 ms·

Yandex IPO raises $1.3 bn

• deleted 15y ago
  [deleted]
• ra 15y ago
  Non subscription alternative links: http://www.ft.com/cms/s/0/3558809c-8557-11e0-ae32-00144feabdc0.html http://www.ft.com/cms/s/0/3558809c-8557-11e0-ae32-00144feabd... http://www.reuters.com/article/2011/05/24/us-yandex-idUSTRE74M3BS20110524?feedType=RSS&feedName=internetNews http://www.reuters.com/article/2011/05/24/us-yandex-idUSTRE7... http://www.themoscowtimes.com/business/article/in-a-sign-yandex-raises-ipo-price/437326.html http://www.themoscowtimes.com/business/article/in-a-sign-yan...
• danohuiginn 15y ago
  $8 billion valuation. That doesn't seem crazily high to me, given how prominent Yandex is on the russian internet, how long it has been around, and how much solid technology it seems to have.
• suking 15y ago
  I read somewhere that $900mm of the offered shares were from insiders, thus Yandex is only raising ~$400mm.