Yandex places shares worth $ 1 billion

Yandex, one of the leading Internet companies in Russia, today announced it has filed applications for registration with the SEC (US Securities Commission) for a public offering of a share. The number of shares and their price has not yet been determined, but the Wall Street Journal recently reported that the company's preliminary cost ranges from $ 6 billion to $ 9 billion.



Estimated maximum total price of exhibited shares will be $ 1 billion.

Part of the action will be issued by Yandex, and part will be sold by some of its shareholders. Yandex will be presented in the Class A list of common stocks on the NASDAQ (search by: “YNDX”).



The company's revenue in 2010 amounted to $ 440 million, net profit - $ 134 million. Talk about the placement of the shares went up to 2006, in 2008, Yandex wanted to hold an initial public offering, but because of the crisis, this project froze indefinitely.

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Morgan Stanley serves as the sole global coordinator for the proposed placement. Deutsche Bank Securities and Goldman Sachs act as joint registrars.



Yandex follows in the footsteps of its Russian colleagues, Internet giant Mail.ru, which successfully placed its shares in the amount of $ 1 billion.



Source of



"Paper" Yandex.