Tuesday, May 24, 2011

Yandex the Russia confirms IPO price at $25 / share

Moscow - the most popular Russian search engine Yandex said on Tuesday its public offer of Nasdaq initial price of $25 per share, confirming the previous report from Reuters.


The company will begin trading under the symbol later Tuesday.


Yandex raised $ 1.3 billion in the introduction on the stock market, more than expected, after the price of the offer at the upper end of a revised range, a source told Reuters Monday.

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