Yandex picks advisers for IPO - report

News Broadband Russian Federation 21 FEB 2011
Yandex picks advisers for IPO - report
Russian internet search engine Yandex has chosen Deutsche Bank and Morgan Stanley for the preparation of the company's IPO. Yandex plans an IPO on the Nasdaq in June-July this year, reports Bloomberg citing sources familiar with the matter. The company plans to raise around USD 1 billion, the majority of which will go to selling shareholders.

Categories:

Internet

Companies:

Morgan Stanley United Kingdom,  Yandex

Countries:

Russian Federation

Tags:

Portals / social media, Financial funding

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RUSSIAN FEDERATION 29 APR 2011

Yandex files for IPO

Russian search engine Yandex filed a registration statement with the US Securities and Exchange Commission for a proposed initial public offering of shares. The number of shares to be offered and the price range for the offering have not yet been determined. A portion of the shares will be issued by Yandex, and a portion will be sold by certain of its shareholders. Yandex has applied to have its Class A ordinary shares listed on the Nasdaq Global Market. Earlier reports suggested that Yandex plans to sell a

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