Yandex officially announced late last week that it will list on Nasdaq as early as late May.
Yandex N.V., the Dutch company that owns the popular Russian search engine, has filed an application with the U.S. Securities and Exchange Commission to conduct an initial public offering. Preliminary estimates say the share sale could raise anything between $6 billion and $9 billion. The IPO will be organized by Morgan Stanley, Deutsche Bank, Goldman Sachs, Piper Jaffray & Co. and Pacific Crest Securities.
Shares in Mail.ru Group, a Russian Internet company listed on the London Stock Exchange, plummeted almost 20 percent when Yandex announced its plans Thursday.
(MT)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
