Yandex Completes the Largest Internet IPO in 2011

Yandex, the leading Internet search company in Russia, priced its IPO in May of 2011 raising $1.3 billion. The company now trades on NASDAQ under the symbol YNDX. The IPO was the largest Internet IPO completed in 2011 and was the largest Internet IPO since Google. In 2011 the IPOs of Nexon, Renren, Zynga, Groupon, and LinkedIn came in at 2nd-6th, respectively. The Yandex IPO was the 4th largest IPO overall during the year with HCA, Kinder Morgan and Nielsen taking the top three overall slots.