Yandex bidding on NASDAQ started at $ 35 per share

After establishing the price of $ 25 per share a few hours before the market opened, the price of Yandex shares rose by 40% immediately after their release.

Yandex trades started today on the NASDAQ with $ 35 per share. Thus, the entire company is valued at approximately $ 11.2 billion, which is much more than LinkedIn’s market capitalization, which became a public company last week (by the way, also successfully).
')
The Yandex IPO was one of the most anticipated IPOs this year. The company is listed under the ticker YNDX.

Founded in 1997, Yandex manages the most popular search engine and the most visited site in Russia (it is also Russia's largest Internet company in terms of revenue). About 2,500 employees work in Yandex (Russia, Moscow, St. Petersburg, Yekaterinburg, Novosibirsk and Kazan), Ukraine (Kiev, Odessa, Simferopol) and the USA (Palo Alto).