We reported in November last year that Russia’s largest internet firm Yandex was considering a £1bn listing in London. According to Quintura blog and newspaper Vedomosti the IPO will go on NASDAQ in June – July 2011. The company has hired investment banks Deutsche Bank and Morgan Stanley to manage the IPO. The shares to be sold will come mostly from existing shareholders of Yandex. The private equity funds managed by Baring Vostok Capital Partners (BVCP), Tiger Global, Runet II, Almaz Capital and UFG own about 60% shares in Yandex.
Ru-Net Holdings, consortium of investors led by BVCP and UFG, invested $5.3 million for 35.7% shares in Yandex in April 2000.
- Quintura blog
- Vedomosti (Russian)
- Yandex has acquired OpenID login service Loginza Posted on January 27, 2011
- Yandex acquires startup Webvisor technology Posted on December 28, 2010
- Yandex considering a £1bn listing in London Posted on November 30, 2010
- Search engine Yandex is to acquire online map provider GIS Technologies Posted on June 30, 2010
- Mail.ru Group announces price range for initial public offering of $23.70 TO $27.70 per share Posted on October 27, 2010
- Facebook’s Russian investor Mail.Ru Group plans an IPO on the London Stock Exchange this year Posted on October 12, 2010