Yandex expects to raise $ 1.573 billion in IPO

The Russian Internet company Yandex expects to attract about $ 1.573 billion after the initial public offering of shares (IPO) in the first half of 2011, presumably on the London Stock Exchange (LSE). This is more than in the course of a similar placement made in early November, another leading Russian Internet company, Mail.Ru Group (~ $ 1,300 billion), received. Yandex does not exclude an IPO on the Nasdaq exchange, despite the fact that the preferred platform for placing securities is LSE.

Rumors about the release of "Yandex" on the stock exchange circulated since 2006. In 2008, the search engine has already applied for an IPO on Nasdaq, but due to the crisis, it was forced to abandon its plans. In 2010, Yandex took a wait-and-see attitude: the company wanted to see how the IPO Mail.Ru Group would go.

Earlier, stocks of another Internet company were traded on the exchanges: Rambler Media held an IPO in 2005. But in late 2009, the company held a delisting of shares . It was reported that this was done for the convenience of IPO Prof-Media, the main owner of Rambler. IPO Prof-Media has not yet taken place.