Yandex Prices IPO At Higher Than Expected $25 Per Share, Raises $1.3 Billion
Yandex, one of the leading Internet companies in Russia, this morning announced the pricing of its initial public offering of a little under 52.2 million Class A ordinary shares at $25.00 per share.
The shares will begin trading later today on NASDAQ under the symbol “YNDX”.
The offering would give Yandex a market cap of roughly $8 billion.