Russia search engine Yandex said this morning, the company has to the United States SEC submission of the listing application. Yandex gave no specific number of shares issued, but according to the Wall Street Journal recently reported, Yandex valuations reached 909 billion dollars before the listing. Data show that Yandex financing of an amount not exceeding $ 1 billion. Part Yandex will issue shares, shareholders will also provide some share in Yandex. It applications for listing on the NASDAQ, codenamed “YNDX”.
Yandex operate Russia’s largest search engine, and is the most visited Web sites, if the revenue account, it is Russia’s largest Internet companies. In 2010, Yandex occupied Russia search traffic 64% were overshadowed by Google.
In March 2011, the Yandex.ru site attracted 38.3 million unique visitors. In addition to Russia, a Yandex in Belarus (Yandex.by), Kazakhstan (Yandex.kz) and Ukraine (Yandex.ua) with branch offices. 2010 total revenues of approximately US $ 440 million.
The prospectus show, Yandex net profit of 134 million dollars last year.
Yandex was founded in 1997, as early as 2006, rumors that Yandex to apply for IPO. In 2008, Yandex plans IPO, but postponed due to the global economic crisis. Yandex is Russia’s largest high-tech enterprise, has a staff of 2,500 people. Currently its branches all over Russia (Moscow, Saint Petersburg, and Yekaterinburg, Novosibirsk, and Kazan), also in Ukraine (Kiev, Odessa, Simferopol) and United States (Palo Alto) have offices.
Morgan Stanley will act as Yandex host listing underwriters, Deutsche Bank and Goldman Sachs will act as joint placing of underwriters.
Compilation/Sohu IT
Tags: application, engine, NASDAQ, Russia, search, Yandex
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