Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Yandex to Float on Nasdaq

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)

Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.