Yandex IPO

Yes it will now be easier to find your friends in Gulags all over Russia.

Yandex  one of the leading Internet companies in Russia, this morning announced the pricing of its IPO of a little under 52.2 million Class A ordinary shares at $25.00 per share.

The shares will begin trading later today on NASDAQ under the symbol “YNDX”. The offering would give Yandex a market cap of roughly $8 billion. Yandex operates the most popular search engine and is most visited website in Russia.

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